Source: ANZ statements
• Consumer confidence was virtually unchanged last week, increasing just 0.3pts to 80.5pts. The four-week moving average was stable at 80.7pts.
• ‘Weekly inflation expectations’ rose 0.1pts to 5.0 per cent, while the four-week moving average was unchanged at 4.9 per cent.
• ‘Current financial conditions’ (over last year) softened 0.7pts, while ‘future financial conditions’ (next 12 months) rose slightly by 0.2pts.
• ‘Short term economic confidence’ (next 12 months) was up 0.9pts and ‘medium term economic confidence’ (next five years) fell 0.3pt.
• The ‘time to buy a major household item’ subindex rose 1.3pts.