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ANZ-Roy Morgan Australian Consumer Confidence consolidates to 117.3

This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 1,220 face-to-face interviews conducted Australia-wide with men and women aged 14 and over the weekend October 6/7, 2018.
ANZ-Roy Morgan Australian Consumer Confidence fell by 0.7% last week, reversing the gain of 0.7% in the previous week. All the sub-indices were negative other than the ‘time to buy a household item’.

  • Households’ perception of current financial conditions fell 2% last week, thus taking a respite after three consecutive weekly gains. Sentiment regarding the future financial situation fell by 0.6%, adding to the fall of 1.2% in the previous week.

  • Sentiment towards current and future economic conditions fell by 0.2% and 2.0% respectively. Both these indices rose last week, by 2.1% and 1.3% respectively.

  • The ‘time to buy a household item’ sub-index increased by 1.2%, its second consecutive weekly gain. Four-week moving average inflation expectations were stable at 4.3%.

ANZ’s Head of Australian Economics, David Plank, commented:

“Confidence fell slightly last week, retracing the gain of the previous week and extending the sawtooth pattern of the past month or so. News of weaker house prices and the sharp fall in building approvals last week likely added to the negative impact of rising petrol prices and offset more encouraging retail and trade data. Overall, we are encouraged by the resilience of consumer sentiment in the face of the negative impact of higher petrol prices in particular – especially when we take into account the extensive media coverage the rise in petrol is attracting."




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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.

You can also view our monitor of Monthly Australian Unemployment & Under-employment Estimates.

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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%

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