Consumer confidence remained almost steady last week with a fall of only 0.2 per cent. The index likely did not fully capture the impact of all the various restrictions and lockdowns imposed across the states, as most of the survey was completed before the news was released.
‘Current financial conditions’ softened 1.3 per cent, while ‘future financial conditions’ gained 1.4 per cent.
‘Current economic conditions’ declined 3.4 per cent, while ‘future economic conditions’ lost 1.7 per cent.
‘Time to buy a major household item’ rose 3.5 per cent. ‘Weekly inflation expectations’ fell by 0.1ppt to 4.1 per cent, however the four-week moving average increased by 0.1ppt to 4.1 per cent.