Consumer confidence has lifted 0.9 per cent for its sixth-straight weekly gain. Financial conditions indices diverged: ‘current finances’ fell 2.3 per cent and ‘future finances’ rose 1.7 per cent.
Economic conditions reversed the split seen in financial conditions. ‘Current economic conditions’ rose 2.2 per cent for the sixth week, while ‘future economic conditions’ fell 4.1 per cent.
‘Time to buy a major household item’ gained 8.1 per cent. The four-week moving average for ‘inflation expectations’ was stable at 3.4 per cent, though the weekly reading lifted to 3.5 per cent.