“Australian households appear to be troubled by negative global economic developments and the related equity market weakness, with sentiment toward current and future economic conditions down sharply. Views about current economic conditions have fallen materially for three weeks in a row, while those for future economic conditions are at their weakest since October/November last year. The relative buoyancy of sentiment about personal financial conditions indicates that the tax cuts and lower interest rates are having a positive impact on households. But this hasn’t been sufficient to offset the global news flow. The more negative view on the economic outlook is impacting inflation expectations. The past three weeks have seen weekly readings of less than 4%.”
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Confidence fell marginally by 0.3% last week, consolidating at an above average level.
Consumer confidence rose 3 points in June to 123, above the historical average. The Current Conditions Index rose 2 points and the Future Conditions Index lifted 4 points.
In May 2019 Roy Morgan Indonesian Consumer Confidence increased 1.8pts from April to 161.8. This is 4.8pts higher than a year ago in May 2018 (157.0) and a significant 25pts above the long-run average (2005-2019) of 136.8.
After two straight weekly gains, consumer confidence fell by 2.3% last week. All the subindices were in the negative except ‘Future economic conditions’.
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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.
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%