Source: ANZ statements
• Consumer confidence was virtually unchanged, decreasing 0.3pts to 80.2 pts. The four-week moving average fell 0.8 pts to 80.5 pts.
• ‘Weekly inflation expectations’ fell 0.2ppt to 4.8%, while the four-week moving average was down 0.1ppt to 5.0%.
• ‘Current financial conditions’ (over last year) increased by 1.2pts and ‘future financial conditions’ (next 12 months) rose 0.6pts.
• ‘Short term economic confidence’ (next 12 months) were up 1.9pts and ‘Medium term economic confidence’ (next five years) decreased by 1.0pt.
• The ‘time to buy a major household item’ subindex was down 4.4pts.