Source: ANZ statements
Consumer confidence fell 1.9pts last week. The four-week moving average was up 0.2pts.
‘Weekly inflation expectations’ fell 0.1ppt to 5.1%, and the four-week moving average was also down from 5.2% to 5.1%.
‘Current financial conditions’ fell 4.4pts, while ‘future financial conditions’ rose slightly by 0.1pts.
‘Short term economic confidence’ (about the economic outlook over the next 12 months) was up a touch by 0.5pts.
‘Medium term economic confidence’ (about the economic outlook over the next five years) decreased 2.7pts, which is its third straight weekly decline.
The ‘time to buy a major household item’ subindex declined 3.0pts.