Consumer confidence: baby steps

Source: ANZ statements

Consumer confidence rose by 2.2pts, and the four-week moving average lifted 1.0pts.

Confidence rose in New South Wales, Victoria and Western Australia, but declined in Queensland and South Australia.

‘Weekly inflation expectations’ fell 0.3ppt to 4.9%, while the four-week moving average declined to 5.2%.

‘Current financial conditions’ increased by 2.0pts and ‘Future financial conditions’ rose 3.2pts.

‘Current economic conditions’ were up 1.8pts and ‘future economic conditions’ increased by 3.3pts.

The ‘Time to buy a major household item’ subindex rose by 0.6pts.