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ANZ-Roy Morgan Australian Consumer Confidence up to 114.8

This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 1,047 face-to-face interviews conducted Australia-wide with men and women aged 14 and over the weekend March 2/3, 2019.
ANZ-Roy Morgan Australian Consumer Confidence was up marginally last week, gaining 0.6%.

  • Financial conditions subindices were mixed, with current finances down 1.3% and future finances up by 4.8%. The recovery in future finances reversed much of last week’s 5.3% drop.
  • The economic conditions sub-indices were positive. Current economic conditions were up 0.9% and future economic conditions gained 0.5%.
  • The ‘time to buy a household item’ partially retraced the previous week’s gain, falling 2.1%. Four week moving average inflation expectations were stable at 4%.

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

“Confidence has been hovering around the same level for the last few weeks. A softening in the tension on US-China trade deals may have supported sentiment. Domestically, the numbers from the capex print were encouraging though they weren’t strong enough to offset some of the other indicators suggesting a soft GDP print for Q4. There is a lot out this week, with the RBA statement and Q4 GDP report the most notable. There is some prospect that Q4 GDP could be negative, which might be a blow to consumer sentiment in the week ahead. The continued resilience in consumer confidence suggests the recent slowing in GDP growth has not yet impacted the labour market to a material extent. We think whether it does or not will be the key to the outlook and the stance of the RBA.”

Click here to download the latest weekly ANZ-Roy Morgan Australian Consumer Confidence PDF.

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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