Consumer confidence continues to rise, jumping 1.5 per cent last week as Australia reported stronger-than-expected fourth-quarter economic growth and ANZ job ads surged.
‘Current financial conditions’ gained 1.5 per cent following a two-week decline, while ‘future financial conditions’ improved 1.1 per cent.
‘Current economic conditions’ rose 3.6 per cent and ‘future economic conditions’ registered a gain of 2.1 per cent – almost reversing the fall of 2.4 per cent the week before.
‘Time to buy a major household item’ softened 0.8 per cent. ‘Weekly inflation expectations’ dropped to 3.8 per cent (down 0.1 percentage points), with the four-week moving average steady at 3.7 per cent.