Back To Listing

ANZ-Roy Morgan Consumer Confidence decreases to 108.3

This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 1,003 face-to-face interviews conducted Australia-wide with men and women aged 14 and over the weekend February 22/23, 2020.
Consumer confidence declined 0.7% last week, driven lower by weakness in financial conditions.

  • ‘Current finances’ fell 4% compared to the prior week, while ‘future finances’ declined 5.2% - its second straight weekly loss.
  • In contrast to the weakness in financial conditions, confidence in economic conditions rose. ‘Current economic conditions’ gained 2.4%, building on the strong rise of 6.5% in the previous reading. ‘Future economic conditions’ rose 2.7%.
  • ‘Time to buy a major household item’ gained 1.7%, after declining for two successive weeks. The four-week moving average for ‘inflation expectations’ was stable at 4%.

ANZ Head of Australian Economics, David Plank, commented:

"A sharp rise in unemployment and underemployment may explain the fall in ANZ Roy-Morgan Australian Consumer Confidence index last week. Overall confidence is up from its recent low, though still well below average. The decline in confidence was due to weakness in the financial conditions subcomponent. It is possible that news about rising labour market has slack has people concerned about their personal finances. Sentiment toward ‘current finances’ is down 7.5% from its early January high, though still a touch above average. In contrast to the weakness in financial conditions, sentiment toward economic conditions was higher. It is still well below that on financial conditions, however, though the gap between the two has narrowed."


Latest ANZ-Roy Morgan Consumer Confidence Releases


Latest ANZ-Roy Morgan Australian & Asia-Pacific Consumer Confidence Data Tables

ANZ-Roy Morgan Weekly Australian Consumer Confidence Results (All 5 Questions)
ANZ-Roy Morgan 2020 Weekly Australian Consumer Confidence Results
ANZ-Roy Morgan Monthly Australian Consumer Confidence Results (1973-2020)
ANZ-Roy Morgan New Zealand Consumer Confidence Results (All 5 Questions)
Roy Morgan Indonesian Consumer Confidence Results (All 5 Questions)

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

Consumer Confidence – Monthly Detailed Report in Australia.
Business Confidence – Monthly Detailed Report in Australia.
Consumer Banking Satisfaction - Monthly Report in Australia.

You can also view our monitor of Monthly Australian Unemployment & Under-employment Estimates.
For comments or more information please contact:
Roy Morgan - Enquiries
Office: +61 (03) 9224 5309
askroymorgan@roymorgan.com


About Roy Morgan

Roy Morgan is the largest independent Australian research company, with offices throughout Australia, as well as in Indonesia, the United States and the United Kingdom. A full service research organisation specialising in omnibus and syndicated data, Roy Morgan has over 70 years’ experience in collecting objective, independent information on consumers.

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