ANZ Senior Economist, David Plank, commented:
“The pleasing rebound in consumer confidence after the post Budget decline suggests that the dip was noise rather than anything more serious. Some of the economic news domestically has been better of late, not least signs that the credit tightening is easing with the ANZ-Property Council survey showing a smaller deterioration in credit availability and a number of media reports about lower mortgage rates. A renewed decline in inflation expectations is a concern, however. The historic low for the 4 week moving average of 3.9% reached in November 2016 could be under threat.”
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ANZ-Roy Morgan Australian Consumer Confidence was down last week, falling 1.3%, despite the tax cuts set out in the Budget. Consumer confidence is just above its long-run average.
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ANZ-Roy Morgan Australian Consumer Confidence was up by 2.6% last week. The uptick has resulted in the index closing near its one month high.
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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%