November 26, 2019

ANZ-Roy Morgan Consumer Confidence falls to 106.8

Topic: Consumer Confidence, Press Release
Finding No: 8148
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The index continues its losing streak, falling 2.8% last week to its lowest level in more than four years. Weakness is across the board.

  • Current financial conditions fell 0.1%, while future financial conditions plunged 4.4%. Current financial conditions are still above average, but future conditions are now below average.
  • Current economic conditions fell by 1.3% last week, to a four-year low, while future economic conditions declined 4.6% and are now at an all-time low.
  • The ‘Time to buy a household item’ was also at a multi-year low, falling 3.3%. The four-week moving average of inflation expectations was stable at 3.9%.

ANZ Head of Australian Economics, David Plank, commented:

Block Quote

“Spurred by weakness in economic conditions and the ‘time to buy a household item,’ sub-index, overall consumer confidence fell further and is now at its lowest level in more than four years. The weakness continues to be driven by a very pessimistic economic outlook. Indeed, consumer views on the future economic outlook are now at their lowest in the history of the survey. This now seems to be impacting sentiment toward consumers’ own finances, with future expectations of financial conditions now below average. Consumers are much happier about their current financial conditions, but it will be difficult for this to dominate such negative expectations about the economic outlook.”

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.
Business Banking Satisfaction - Monthly Report in Australia.

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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

Related Findings

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