The confidence winning streak has continued for the fifth-straight week, with a gain of 0.7 per cent. Confidence is up 6.1 per cent over this period and is up more than 10 per cent since the second weekend of August when it fell to its lowest level since April.
‘Current financial conditions’ gained 3.3 per cent, while ‘future financial conditions’ gained 0.3 per cent for its fourth-straight weekly gain.
Running in the other direction, however, ‘current economic conditions’ declined 1.1 per cent. This did come off the back of a gain of 10.3 per cent in the previous reading. ‘Future economic conditions’ gained 1.6 per cent, its third-straight weekly increase.
‘Time to buy a household item’ fell 0.5 per cent, its third-straight weekly decline. The four-week moving average of ‘inflation expectations’ gained 0.1 percentage point to 3.4 per cent.