Source: ANZ statements
Consumer confidence fell by 0.4 points last week, but the four-week moving average rose 2.0 points.
Among the mainland states, confidence rose in South Australia and Western Australia but fell in New South Wales, Victoria and Queensland.
The four-week average of confidence moved up for all the mainland states.
‘Weekly inflation expectations’ slipped 0.2 percentage points to 5.0 per cent, while the four-week moving average dropped from 5.3 per cent to 5.1 per cent.
Three of the five subindices increased. ‘Current financial conditions’ increased 2.6 points while ‘future financial conditions’ rose 1.4 points.
‘Current economic conditions’ lifted 0.8 points. ‘Future economic conditions’ dropped 3.6 points after a jump of 4.9 points in the previous week.
The ‘time to buy a major household item’ subindex fell 3.0 points after an increase of 8.7 points in the previous week.