Source: ANZ statements
•Consumer confidence rose 0.2pts last week. The four-week moving average was down 0.4pts.
•‘Weekly inflation expectations’ increased 0.3ppt to 5.2%, while the four-week moving average was unchanged at 5.0%.
•‘Current financial conditions’ gained 2.5pts. ‘Future financial conditions’ were up 2.8pts rising above the neutral 100-level.
•‘Short term economic confidence’ (about the economic outlook over the next 12 months) declined 3.4pts. ‘Medium term economic confidence’ (about the economic outlook over the next five years) dropped 3.2pts.
•The ‘time to buy a major household item’ subindex increased 2.6pts.