Confidence gained 2.1 per cent last week, its sixth straight weekly gain. All the subindices gained except ‘current finances’.
‘Current financial conditions’ declined 1.5 per cent, while ‘future financial conditions’ gained 3.7 per cent for its fifth straight week. ‘Current economic conditions’ gained 4.6 per cent and is up around 23 per cent over the six-week confidence gain.
Confidence in current economic conditions is still very subdued, however. ‘Future economic conditions’ gained 3.1 per cent, its fourth-straight weekly increase.
‘Time to buy a household item’ gained 0.5 per cent and the four-week moving average of ‘inflation expectations’ gained 0.1 percentage points to 3.5 per cent.