Source: ANZ statements
• Consumer confidence: renters drive post-Budget lift
• Consumer confidence increased 1.8pts to 82pts last week. The four-week moving average rose 0.4pts to 81pts.
• ‘Weekly inflation expectations’ was unchanged at 4.8%, and the four-week moving average was unchanged at5.0%.
• ‘Current financial conditions’ (over last year) increased slightly by 0.3pts and ‘future financial conditions’ (next 12 months) rose 0.7pts.
• ‘Short term economic confidence’ (next 12 months) rose 2.6pts and ‘medium term economic confidence’ (next five years) increased by 1.3pt.
• The ‘time to buy a major household item’ subindex rose 4.4pts reversing the previous week’s decline