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ANZ-Roy Morgan Consumer Confidence falls again to 114.6

This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 983 face-to-face interviews conducted Australia-wide with men and women aged 14 and over the weekend June 8/9, 2019.

Confidence fell for a second week in a row, dropping by 2.0% last week; it remains above the long-term average, however. ’Time to buy a household item’ was the only ‘green shoot’, rising a solid 4.9%.

  • Current financial conditions fell by 2.7%, while sentiment toward future finances was down 2.2%. This weekly decline has resulted in the subindices closing below their long-term averages.
  • Current economic conditions dropped a significant 7.8% after rising for three consecutive weeks. It is still a touch above the long-run average. Future economic conditions fell by 2.8%, which resulted in the subindex falling below the long-term average.
  • The four-week moving average for inflation expectations fell by 0.2ppt to 3.8%, with the weekly reading down to a very low 3.6%.
ANZ Head of Australian Economics, David Plank, commented:

“Weak Q1 GDP and the soft retail figure for April have seen consumer confidence move lower over the past week, despite the rate cut from the RBA. Looking back to the rate cuts in 2015 and 2016, there was no tendency for confidence to rise immediately following the move lower in rates. So it’s not particularly surprising that there has been no immediate boost from the rate cut. Inflation expectations readings below 4% seem to have become the norm in the past couple of month, which is unique in the history of this survey and something the RBA will be taking note of.”


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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