Source: ANZ statements
Consumer confidence rose 1.2pts last week. The four-week moving average declined 0.1pts.
‘Weekly inflation expectations’ was unchanged at 4.9%, and the four-week moving average was unchanged at 5.0%.
‘Current financial conditions’ rose 3.1pts. ‘Future financial conditions’ jumped 4.4pts rising above the neutral 100 level to its highest since January 2023.
‘Short term economic confidence’ (about the economic outlook over the next 12 months) was practically unchanged with a 0.1pt increase.
‘Medium term economic confidence’ (about the economic outlook over the next five years) was down 1.4pts.
The ‘time to buy a major household item’ subindex softened 0.3pts.