Source: ANZ statements
• Consumer confidence rose 2.6pts last week to 83.9pts. The four-week moving average rose 1.4pts to 83.2pts.
• ‘Weekly inflation expectations’ were steady at 5.1% while the four-week moving average was unchanged at 5.1%.
• ‘Current financial conditions’ (over last year) increased7.1pts, while‘ future financial conditions’ (next 12 months) lifted 3.1pts.
• ‘Short-term economic confidence’ (next 12 months) rose 0.3pts while ‘medium-term economic confidence’ (next five years) was up 1.2pts.
• The ‘time to buy a major household item’ subindex increased 1.3pts.