There was a slight increase in consumer confidence of 0.3 per cent last week, as the two-week lockdown in Melbourne ended, although with some restrictions remaining. Among the confidence subindices, both current and future financial conditions declined, while the rest increased.
‘Current financial conditions’ fell 4.3 per cent, while ‘future financial conditions’ softened
1.5 per cent.
‘Current economic conditions’ gained 1.4 per cent, while ‘future economic conditions’ rose
2.3 per cent.
‘Time to buy a major household item’ improved by 3.3 per cent. ‘Weekly inflation expectations’ fell by 0.1ppt to 3.9 per cent, with the four-week moving average up 0.1ppt to 3.9 per cent.