“Last week’s bounce in ANZ-Roy Morgan consumer confidence wasn’t sustained and sentiment is now back below the long term average. Ongoing concerns about the medium term outlook are weighing down sentiment, although consumers continue to feel okay about their current financial circumstances. This divergence in thinking possibly explains the modest bounce in retail sales reported last week: consumers recognise the impact of tax and interest rate cuts on their budgets, but are worried about the outlook, and so unwilling to splash the cash. The RBA is likely to be disappointed about the inability for either confidence or spending to lift materially despite significant monetary and fiscal stimulus.”
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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.
Confidence jumped by a solid 4.2% last week, closing above its long term average. The gain was broad-based with all the subindices rising.
Consumer confidence fell 6 points in July to 116, below the historical average.
In July 2019 Roy Morgan Indonesian Consumer Confidence increased by 1.6pts from June to 160.2. This is 2.9pts higher than a year ago in July 2018 (157.3) and a significant 23.1pts above the long-run average (2005-2019) of 137.1.
ANZ-Roy Morgan Australian Consumer Confidence gained 0.7% last week after losing 3.5% in the previous reading. Strength was relatively broadly based across the subindices, although the “time to buy a household item”...
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The media landscape in Australia is in an unprecedented state of disruption and change as digital media continues to upend established norms and business practices at a level we’ve never seen before. However, there is a ‘hard’ currency that remains constant that drives consumers to return to, or reject, brands and channels and that is Trust and Distrust.
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.
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%