Source: ANZ statements
• Consumer confidence fell 2.3pts last week to 79.0pts. The four-week moving average rose 0.5pts to 80.3pts.
• ‘Weekly inflation expectations’ fell 0.3ppt to 4.9%, while its four-week moving average edged up to 5.0%.
• ‘Current financial conditions’ (over last year) dropped 4.7pts, while ‘future financial conditions’ (next 12 months) rose 1.2pts.
• ‘Short-term economic confidence’ (next 12 months) increased 0.6pts and ‘medium-term economic confidence’ (next five years) rose 0.3pts.
• The ‘time to buy a major household item’ subindex fell 9.0pts