Consumer confidence increased by 0.8 points last week. Among the mainland states, confidence rose in Victoria, South Australia and Western Australia, while it fell in New South Wales and Queensland.
‘Weekly inflation expectations’ fell 0.3 percentage points to 5.3 per cent, while the four-week moving average was down 0.1 percentage points to 5.4 per cent.
‘Current financial conditions’ rose 1.2 points but remained below 70 for a seventh-consecutive week. ‘Future financial conditions’ gained 1.6 points.
‘Current economic conditions’ fell 1.1 points, while ‘future economic conditions’ dropped 3.2 points, its third-straight weekly decline. ‘Time to buy a major household item’ jumped 5.6 points, more than reversing a 4.5-point fall recorded in the last report.