Source: ANZ statements
• Consumer confidence decreased 1.8pts to 80.2pts last week. The four-week moving average fell 0.2pts to 80.7pts.
• ‘Weekly inflation expectations’ rose 0.1pts to 4.9%, while the four-week moving average was down 0.1pts to 4.9%.
• ‘Current financial conditions’ (over last year) increased slightly by 0.1pts, while ‘future financial conditions’ (next 12 months) declined 4.1pts.
• ‘Short term economic confidence’ (next 12 months) fell 5.4pts and ‘medium term economic confidence’ (next five years) increased by 1.0pt.
•The ‘time to buy a major household item’ subindex softened 0.7pts.