Menu

Search

  |   Commentary

Menu

  |   Commentary

Search

Australia’s ANZ-Roy Morgan weekly consumer confidence deteriorates on subdued financial conditions  

Australia’s ANZ-Roy Morgan consumer confidence was down 0.9 percent last week, giving back much of the prior week’s gain. The overall index is still above its starting point for 2019, though it is almost 5 percent lower than its average for January 2018.

Financial conditions declined, with current and future financial conditions falling by 0.3 percent and 2.4 percent respectively. Both indices are around the levels seen this time last year and above long-run averages.

Economic conditions were mixed, with current economic conditions gaining 3.4 percent while future economic conditions fell 0.7 percent. These indices are 6–8 percent below the levels that prevailed in January 2018. The ‘time to buy a household item’ index fell 3.2 percent. Four-week moving average inflation expectations declined by 0.1ppt to 4.2 percent.

"It has been a volatile start to the year for consumer sentiment, with the index displaying a down-up-down pattern, though encouragingly it remains above the long-run average. The global news is not helping, with China slowing and political developments in the UK and US dispiriting. Domestically the focus remains on the weak housing market, though as we noted in Friday’s Australian Macro Weekly the evidence of a wider negative impact is still quite limited. Employment will be the key domestic data event this week," said David Plank, ANZ’s Head of Australian Economics.

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

2019-04-26 02:50:33
0m
2019-04-26 02:50:15
0m

April 26 02:30 UTC Released

SGPreliminary Unemployment

Actual

2.2 2.1

Forecast

Previous

2.2 2.1

April 26 01:30 UTC Released

AUImport Prices*

Actual

-0.5 %

Forecast

Previous

0.5 %

January 31 00:00 UTC 648280648280m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 648280648280m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 660100660100m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 648280648280m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 660100660100m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 648280648280m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 648280648280m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 648280648280m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.