Consumer confidence decreased slightly by 0.1 points last week to 79.9. Among the mainland states, confidence increased in Queensland and South Australia, declined in New South Wales and Western Australia, and was unchanged in Victoria.
‘Weekly inflation expectations’ was unchanged at 5.2 per cent. Its four-week moving average was also steady at 5.3 per cent.
The subindex results were mixed. ‘Current financial conditions’ declined 1.5 points, while ‘future financial conditions’ increased slightly by 0.3 points.
‘Current economic conditions’ fell 1.2 points. ‘Future economic conditions’ rose 4.7 points, completely offsetting the losses from the previous two weeks. ‘Time to buy a major household item’ dropped 2.7 points.