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ANZ-Roy Morgan Australian Consumer Confidence plunges to 112.3

This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 997 face-to-face interviews conducted Australia-wide with men and women aged 14 and over the weekend October 20/21, 2018.
ANZ-Roy Morgan Australian Consumer Confidence plunged 6% last week, closing just below its long term average and at its lowest level for more than a year. All components of the survey fell sharply.

  • Households’ perceptions of current financial conditions fell by 7.1% last week, while sentiment regarding the future financial situation fell by 3.4%.
  • Sentiment towards current economic conditions fell by 5.4%, while that towards future economic conditions fell by 6.5%.
  • The ‘time to buy a household item’ sub-index fell by 7.8%. The index is at its lowest level for three years. Four-week moving average inflation expectations edged higher at 4.5%.

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

“Confidence plunged by 6% last week, bringing the index to its lowest level since September 2017. There was no glimmer of better news in the subindices, with all confidence measures down sharply. Loss of Liberal stronghold Wentworth may have highlighted political uncertainty in the public mind. Higher petrol prices may also be impacting sentiment. Certainly there was no cheer from the favourable labour market numbers released last week. There are no local data of note released this week, which will provide clear air for even more focus than usual on political developments – as if an excuse was needed.”




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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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Roy Morgan is the largest independent Australian research company, with offices throughout Australia, as well as in Indonesia, the United States and the United Kingdom. A full service research organisation specialising in omnibus and syndicated data, Roy Morgan has over 70 years’ experience in collecting objective, independent information on consumers.

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