ANZ’s Head of Australian Economics, David Plank, commented:
“Consumer sentiment was basically unchanged over the past week. The upward movement in the “time to buy a household item” was a good sign considering the holiday season, though still below its long-run average.
"In this final survey for the year, consumer sentiment finished well above average, though below the highs of earlier in the year. It is a touch higher than at the end of 2017. Not a bad outcome, given that households have faced a barrage of negative news in recent months about the state of the housing market and what it might mean for the economy. It seems there are sufficient offsets to this news; among them, a still robust labour market. The November employment report on Thursday will tell us just how robust, though we always caution against reading too much into what can be a volatile data series.”
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ANZ-Roy Morgan Australian Consumer Confidence fell 1.5%, reversing the gains seen over the previous two weeks. Consumer sentiment remains well above its long-run average, however.
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ANZ-Roy Morgan Australian Consumer Confidence continues to trend higher, rising by 0.8% last week.
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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.
25% or 75%
10% or 90%
5% or 95%