Source: ANZ statements
“Consumer Confidence has moved within a tight range over the past four weeks, with the series retaining most of the increases seen in late July and early August.” ANZ Economist, Madeline Dunk said.
“Households’ confidence in their future financial situation rose to a five-month high last week and is now back in ‘positive’ territory.”
“This is the only subindex currently sitting above 100 points. Inflation expectations also eased 0.2 percentage point to 4.6 per cent, its lowest reading since late 2021.”
“The shift in these indicators may be linked to last week’s monthly inflation data, which showed a fall in both headline and trimmed mean inflation. After accelerating earlier in 2024, inflation appears to be back on the path to target.”