Source: ANZ statements
• Consumer confidence decreased 0.6pts to 80.5pts. The four-week moving average fell 0.3pts to 81.4pts.
• ‘Weekly inflation expectations’ fell 0.3ppt to 5.0%, while the four-week moving average was down 0.1 ppt to 5.1%.
• ‘Current financial conditions’ (over last year) increased by 1.4pts and ‘future financial conditions’ (next 12 months) rose 2.1pts.
• ‘Short term economic confidence’ (next 12 months) fell 1.1pts and ‘Medium term economic confidence’ (next five years) decreased 3.3pts.
• The ‘time to buy a major household item’ subindex was down 1.9pts.