Source: ANZ statements
Consumer confidence decreased 3.5pts, but the four-week moving average decreased 0.5pts.
Among the mainland states, confidence rose only in WA, while it fell in NSW, Victoria, Queensland, and SA.
‘Weekly inflation expectations’ was unchanged at 5.5 per cent, while the four-week moving average increased from 5.4 per cent to 5.5 per cent.
All the confidence subindices registered losses. ‘Current financial conditions’ fell 1.9pts, while ‘future financial conditions’ were down 1.3pts.
‘Current economic conditions’ decreased 1.7pts, while ‘future economic conditions’ dropped 4.7pts.
The ‘time to buy a major household item’ subindex plunged 7.6pts after a 6pts jump the week before.