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ANZ-Roy Morgan Australian Consumer Confidence drops to 117.7

This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 1,035 face-to-face interviews conducted Australia-wide with men and women aged 14 and over the weekend December 8/9, 2018.
ANZ-Roy Morgan Australian Consumer Confidence fell 1.5%, reversing the gains seen over the previous two weeks. Consumer sentiment remains well above its long-run average, however.

  • Financial conditions sub-indices were mixed, with current financial conditions down 0.7%, while future financial conditions were up 1.7%.
  • Economic conditions readings were also mixed, with current economic conditions falling by a sharp 6% while future economic conditions were up a modest 0.3%.
  • The ‘time to buy a household item’ sub-index was down 2.8%, its second straight loss after it made a solid gain in the second half of November. Four-week moving average inflation expectations were stable at 4.2 %.

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

“Consumer sentiment ended up in negative territory last week amidst a spate of data releases. A more cautious RBA statement on Tuesday and then the soft Q3 GDP figures Wednesday may have impacted consumer views on current economic conditions, which fell a sharp 6%. Global equity volatility may also have impacted sentiment. On the other hand, current financial conditions were only down a touch after a very strong gain the previous week and future financial conditions were up. This suggests consumers are still feeling good about their own circumstances, which is somewhat at odds with the weak wage data in the Q3 GDP report.”


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