Consumer confidence was unchanged last week, though softness was seen in three sub-indices compared to just one in the previous reading.
‘Current finances’ declined 1.7 per cent after rising for three straight weeks, while ‘future finances’ fell 3.6 per cent.
Economic conditions were mixed, with ‘current economic conditions’ declining 1.6 per cent, while ‘future economic conditions’ rose by 2.7 per cent.
‘Time to buy a household item’ rose by a healthy 4.1 per cent. The four-week moving average for ‘inflation expectations’ was stable at 3.2 per cent.