Source: ANZ statements
Consumer confidence fell 3.2pts, and the four-week moving average decreased 0.8pts.
Among the mainland states, confidence rose only in Queensland, while it fell in NSW, Victoria, SA, and WA.
‘Weekly inflation expectations’ dropped 0.5ppt to 5.2%, while the four-week moving average was unchanged at 5.3%.
‘Current financial conditions’ fell 4.6pts, its third straight weekly decline. ‘Future financial conditions’ were down 1.0pt.
‘Current economic conditions’ fell 5.2pts, while ‘future economic conditions’ softened 0.3pts.
The ‘time to buy a major household item’ subindex dropped 4.9pts.