August 20, 2019

ANZ-Roy Morgan Consumer Confidence down to 112.8

Topic: Consumer Confidence, Press Release
Finding No: 8101
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ANZ-Roy Morgan Australian Consumer Confidence fell 2.3% last week, closing below the long-term average.

  • The fall was driven by weakness in economic conditions, with current falling 3.8% and future losing a massive 7.9%. Both the economic subindices are below their respective long-term average.
  • In contrast, the measures relating to personal finances rose modestly. Current finances were up by 0.2% for the week, while future finances gained 0.6%.
  • The ‘Time to buy a major household item’ index fell 1.4% - its third consecutive decline. The four-week moving average for inflation expectations fell by 0.1ppt to 3.9%. Weekly readings of inflation expectations have shown signs of weakness over the last few weeks.

ANZ Head of Australian Economics, David Plank, commented:

Block Quote

“Australian households appear to be troubled by negative global economic developments and the related equity market weakness, with sentiment toward current and future economic conditions down sharply. Views about current economic conditions have fallen materially for three weeks in a row, while those for future economic conditions are at their weakest since October/November last year. The relative buoyancy of sentiment about personal financial conditions indicates that the tax cuts and lower interest rates are having a positive impact on households. But this hasn’t been sufficient to offset the global news flow. The more negative view on the economic outlook is impacting inflation expectations. The past three weeks have seen weekly readings of less than 4%.”

Latest ANZ-Roy Morgan Consumer Confidence Releases

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

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.

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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

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