Source: ANZ statements
• Consumer confidence rose 1.4pts last week to 83.1pts. The four-week moving average was stable at 82.0pts.
• ‘Weekly inflation expectations’ rose 0.3ppt to 5.1 per cent, while the four-week moving average was steady at 4.9 per cent.
• The financial conditions subindices improved. ‘Current financial conditions’ and ‘Future financial conditions’ both rose by 3.2pts.
• ‘Short term economic confidence’ (about the economic outlook over the next 12 months) declined 1.1pts. ‘Medium term economic confidence’ (about the economic outlook over the next five years) rose 2.1pts.
• The ‘time to buy a major household item’ subindex moderated a touch.