ANZ’s Head of Australian Economics, David Plank, commented:
“Confidence took a significant hit last week, falling well below average. We think the soft GDP report and, perhaps more importantly, the focus on a “per capita recession” were the primary factors in the plunge. The last such big decline in confidence was the weekend of the Wentworth by-election, something we thought was unlikely to have a lasting impact on sentiment. This decline could be longer-lasting as it appears to be more related to underlying economic conditions. If it proves to be a sustained decline then it is yet more bad news about a household sector that is already under pressure. No doubt the RBA will take note.”
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ANZ-Roy Morgan Australian Consumer Confidence was up marginally last week, gaining 0.6%.
Consumer confidence was unchanged in January, slightly above average.
Roy Morgan Indonesian Consumer Confidence is down 0.3pts to 158.8 in December 2018. However, Consumer Confidence finished 2018 with an average of 158.1 for the year – the highest average ever achieved for a calendar year....
ANZ-Roy Morgan Australian Consumer Confidence retraced last week’s gain, declining 1.0% but remaining above the long-run average by some margin.
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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%