Source: ANZ statements
Consumer confidence was broadly unchanged last week, falling just 0.5pts. The four-week moving average declined 0.3pts.
‘Weekly inflation expectations’ fell 0.1ppt to4.8%, and the four-week moving average dipped to 4.9%.
The financial conditions subindices declined. ‘Current financial conditions’ fell by 0.6pts and ‘Future financial conditions’ dropped 3.8pts after rising 4.4pts the week before.
‘Short term economic confidence’ (about the economic outlook over the next 12 months) was mostly stable. ‘Medium term economic confidence’ (about the economic outlook over the next five years) rose 0.9pts.
The ‘time to buy a major household item’ subindex gained 0.8pts.