Source: ANZ statements
• Consumer confidence decreased 3.2 pts to 80.3pts. The four-week moving average fell 0.7pts to 82.1pts.
• ‘Weekly inflation expectations’ fell 0.2ppt to 5.0%, however the four-week moving average remained unchanged at 5.2%.
• The financial conditions subindices both declined. ‘Current financial conditions’ (over last year) dropped 4.2pts and ‘future financial conditions’ (next 12 months) fell 4.6pts.
• Household confidence in the economic outlook also dropped. ‘Short term economic confidence’ (next 12 months) decreased 3.7pts and ‘Medium term economic confidence’ (next five years) declined 3.6pts.
•The ‘time to buy a major household item’ subindex was stable.