Consumer confidence gained 2.4 per cent last week, the increase coming after seven straight weeks of decline. All the subindices gained with the exception of ‘current finances’.
‘Current finances’ went against the overall trend with a fall of 1.9 per cent, though this came after a gain of 2.7 per cenmt last week, while ‘future finances’ gained 4.2 per cent.
‘Current economic conditions’ increased by a massive 10.6 per cent, after a cumulative fall of 30 per cent over the prior eight weeks, while ‘future economic conditions’ rose 1.6 per cent.
‘Time to buy a household item’ gained 1 per cent compared to a fall of 8.6 per cent in the previous reading. ‘Inflation expectations’ was stable at 3.3 per cent (four-week moving average).