Consumer confidence increased slightly by 0.3 points last week to 87.7. Among the mainland states, confidence rose in Victoria and Western Australia, while it fell in New South Wales, Queensland and South Australia.
‘Weekly inflation expectations’ increased 0.4 percentage points to 5.4 per cent. Its moving average for the last four releases fell 0.1 percentage points to 5.6 per cent.
The confidence subindices results were mixed. ‘Current financial conditions’ gained 1.8 points, while ‘future financial conditions’ rose 0.7 points after an 8.3-point jump the week before.
‘Current economic conditions’ softened 0.7 points, while ‘future economic conditions’ rose a touch by 0.2 points. ‘Time to buy a major household item’ decreased slightly by 0.6 points.