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ANZ-Roy Morgan Australian Consumer Confidence consolidates to 117.8

This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 1,030 face-to-face interviews conducted Australia-wide with men and women aged 14 and over the weekend November 17/18, 2018.
ANZ-Roy Morgan Australian Consumer Confidence fell by 1.7% last week despite generally positive local economic data.

  • Financial conditions subindices were negative, with current financial conditions and future financial conditions falling by 7.4% and 1.8% respectively. The fall in the current financial conditions index unwinds the upturn since it plunged in the weekend of the Wentworth by-election.
  • Economic conditions readings were mixed, with current economic conditions falling by 1.6% while future economic conditions rose by 1.3%.
  • The ‘time to buy a household item’ sub-index was up marginally by 0.9%. Four-week moving average inflation fell again by 0.1 ppt to 4.3 %.

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

“Consumer sentiment fell last week despite solid reports on wages and employment data released last week and falling petrol prices. In our view, the fall can be largely attributed to consolidation after three consecutive upticks following the steep fall over the weekend of the Wentworth by-election. The consolidation leaves confidence well above its long-run average and a little above its level of a year ago. This is despite the fact house prices have been falling for more than a year on average for the country as a whole, albeit with considerable regional variation. With little domestic data this week, global news and petrol prices will dominate.”


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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