Consumer confidence edged up 0.2 points last week, despite the Reserve Bank of Australia's decision to lift the official cash rate by 25 basis points.
‘Weekly inflation expectations’ rose 0.1 percentage point to 5.9 per cent, while its four-week moving average fell 0.1 percentage point to 6.1 per cent.
‘Current financial conditions’ gained 2.7 points, after a 4.9 point drop the week before. ‘Future financial conditions’ rebounded 2.6 points from the 1.8-point loss the previous week.
‘Current economic conditions’ jumped 4.3 points to its highest level since late September, but ‘future economic conditions’ declined 1.3 points.
‘Time to buy a major household item’ plunged 6.8 points after a 4.0-point jump the week before.