Consumer confidence decreased by 2.4pts. Among the mainland states, confidence rose in SA and WA, while it fell in NSW, Victoria, and Queensland.
‘Weekly inflation expectations’ jumped 0.3ppt to 5.5%. Its four-week moving average remained at 5.4%.
‘Current financial conditions’ declined 1.1pts. ‘Future financial conditions’ were down 4.2pts after a 7.6pts rise in the previous week.
‘Current economic conditions’ fell 3.6pts more than reversing its gains from the week before. ‘Future economic conditions’ fell 3.3pts.
‘Time to buy a major household item’ rose slightly by 0.2pts after a cumulative 4.5pts fall over the previous two weeks.