Source: ANZ statements
• Consumer confidence declined 3.5pts last week to 77.0pts. The four-week moving average fell 0.8pts to 79.9pts.
• ‘Weekly inflation expectations’ fell 0.2pts to 4.8 per cent, while the four-week moving average was unchanged at 4.9%.
• ‘Current financial conditions’ (over last year) dropped 4.2pts, while ‘future financial conditions’ (next 12 months) declined 4.9pts.
• ‘Short term economic confidence’ (next 12 months) was down 5.6pts and ‘medium term economic confidence’ (next five years) fell 1.4pts.
• The ‘time to buy a major household item’ subindex softened 1.5pts.