Source: ANZ statements
Consumer confidence increased 1pts, the four-week moving average was up 1.8pts.
Among the mainland states, confidence rose in NSW and SA, but fell in Victoria, Queensland and WA.
‘Weekly inflation expectations’ were up 0.3ppt to 5.3%, while the four-week moving average declined to 5.3% from 5.4%.
‘Current financial conditions’ fell 2.5pts after a 9pts jump the week before. ‘Future financial conditions’ gained 2.4pts rising above the neutral 100-level for the second time since January 2023.
‘Current economic conditions’rose3.8pts, while ‘future economic conditions’ declined 2.1pts.
The ‘time to buy a major household item’ subindex increased 3.1pts.