Consumer confidence increased by 3.2 points. Among the mainland states, confidence rose in New South Wales, Victoria, and South Australia, while it fell in Queensland and Western Australia.
‘Weekly inflation expectations’ increased 0.1 percentage points to 5.5 per cent. Its four-week moving average fell from 5.6 per cent to 5.5 per cent.
‘Current financial conditions’ rose slightly by 0.3 points. ‘Future financial conditions’ jumped 5.7 points rising to its highest since early April.
‘Current economic conditions’ were up 2.4 points. ‘Future economic conditions’ rose 1.7 points offsetting the 1.6 points fall the week before. ‘Time to buy a major household item’ surged 5.5 points.