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ANZ-Roy Morgan Consumer Confidence jumps to 118.9

This weekly ANZ-Roy Morgan Consumer Confidence Rating is based on 1,007 face-to-face interviews conducted Australia-wide with men and women aged 14 and over the weekend June 29/30, 2019.

Confidence jumped by 4% one of the largest increases in a year. On an absolute level, the index is at a two-month high.

  • Financial conditions indices were mixed, with current finances down 2.2%, while future financial conditions rose 1.0%.
  • Economic conditions were up by a healthy margin. Current economic conditions gained 13.3% after falling for three consecutive weeks. Future economic conditions also showed strength, gaining 7.0%, a rise that came after four straight weekly losses.
  • The ‘Time to buy a major household item’ was up 3.2%, taking it close to the levels seen last July. The four-week moving average for inflation expectations was stable at 3.9%, although the weekly reading fell to 3.7%.

ANZ Head of Australian Economics, David Plank, commented:

“Confidence was up by a healthy margin on the back of a strong performance by the economic conditions sub-indices. The strength may have reflected better global sentiment arising out of the G20 summit in Osaka and evidence that house prices are stabilising in Sydney and Melbourne. The further gain in the ‘time to buy’ index suggests sentiment toward housing is improving. The RBA decision on the cash rate may impact sentiment this week, though as we saw in June the immediate impact of a rate cut is not always positive.”


ANZ-Roy Morgan Consumer Confidence and inflation Expectations 29-30 June

Confidence soars higher

Confidence jumps

Click here to download the latest weekly ANZ-Roy Morgan Australian Consumer Confidence PDF.

Latest ANZ-Roy Morgan Consumer Confidence Releases

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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%

1,000

±3.0

±2.7

±1.9

±1.3

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