Source: ANZ statements
Consumer confidence rose 0.4pts last week. The four-week moving average was up 0.2pts.
‘Weekly inflation expectations’ decreased 0.1ppt to 5.1%, while the four-week moving average was unchanged at 5.0%.
‘Current financial conditions’ declined 2.7pts to its lowest level since the start of the year.
‘Future financial conditions’ rose 1.1pts.
‘Short term economic confidence’ (about the economic outlook over the next 12 months) increased 1.6pts.
‘Medium term economic confidence’ (about the economic outlook over the next five years) gained 2.8pts.
The ‘time to buy a major household item’ subindex decreased 0.8pts.