Consumer confidence rose 3.7 per cent last week. Among the major states, confidence increased in NSW, Queensland, and WA, while it was unchanged in Victoria and fell in SA.
• ‘Weekly inflation expectations’ decreased 0.2ppt to 5.7 per cent, while its fourweek moving average was unchanged at 5.7 per cent.
• The subindices registered mixed results. ‘Current financial conditions’ dropped 1.6 per cent, after a fall of 13.9 per cent over the last seven weeks. ’Future financial conditions’ gained 5.5 per cent after a 5.1 per cent rise the week before.
• ‘Current economic conditions’ decreased 2.5 per cent, its fourth straight weekly decline. ‘Future economic conditions’ rose 6.0 per cent after a 7.1 per cent fall over the previous three weeks.
• ‘Time to buy a major household item’ increased by 9.8 per cent.