Roy Morgan Research
December 10, 2019

ANZ-Roy Morgan Consumer Confidence up to 109.0

Topic: Consumer Confidence, Press Release
Finding No: 8230
RMR Logo

ANZ-Roy Morgan Australian Consumer Confidence rose 0.8%, continuing the upward momentum of the previous week. The gain was led by a lift in sentiment surrounding economic conditions – both for the next year and the long term.

  • Current finances gained 1%, while future financial conditions fell 3.9% and, in contrast to current finances, are below average.
  • Current economic conditions revived from its lowest point in four years, gaining 3.9%. Future economic conditions also strengthened and gained 2.7%. Both remain well below average.
  • ‘Time to buy a major household item’ gained 1.9%, building on last week’s stellar gain of 5.3%. It remains well below its long-run average, however.
  • The four-week moving average of inflation expectations was down 0.1ppt to 3.9%, as the weekly reading softened to 3.9% from 4.1%.

ANZ Head of Australian Economics, David Plank, commented:

Block Quote

“It is encouraging to see a second week of positive momentum in consumer confidence. Especially given the slew of negative news over the past week: weaker than expected GDP, soft retail sales, bush fires and the smoke haze in Sydney and much of New South Wales. It is possible that the RBA’s positive outlook supported sentiment. Continued gains in house prices may also be supporting sentiment.”

Related Research Reports

The latest Roy Morgan Consumer Confidence Monthly Report is available on the Roy Morgan Online Store. It provides demographic breakdowns for Age, Sex, State, Region (Capital Cities/ Country), Generations, Lifecycle, Socio-Economic Scale, Work Status, Occupation, Home Ownership, Voting Intention, Roy Morgan Value Segments and more

For comments or more information please contact:
Roy Morgan - Enquiries
Office: +61 (03) 9224 5309
askroymorgan@roymorgan.com

Margin of Error

The margin of error to be allowed for in any estimate depends mainly on the number of interviews on which it is based. Margin of error gives indications of the likely range within which estimates would be 95% likely to fall, expressed as the number of percentage points above or below the actual estimate. Allowance for design effects (such as stratification and weighting) should be made as appropriate.

Sample Size Percentage Estimate
40% – 60% 25% or 75% 10% or 90% 5% or 95%
1,000 ±3.0 ±2.7 ±1.9 ±1.3
5,000 ±1.4 ±1.2 ±0.8 ±0.6
7,500 ±1.1 ±1.0 ±0.7 ±0.5
10,000 ±1.0 ±0.9 ±0.6 ±0.4
20,000 ±0.7 ±0.6 ±0.4 ±0.3
50,000 ±0.4 ±0.4 ±0.3 ±0.2

Related Findings

Back to topBack To Top Arrow