Consumer confidence increased 0.1 points last week after four straight weeks of declines. Among the mainland states, confidence rose in New South Wales, Victoria and Queensland, while it fell in South Australia and Western Australia.
‘Weekly inflation expectations’ decreased by 0.5 percentage ploints to 5.4 per cent. Its four-week moving average rose 0.1 percentage points to 5.6 per cent.
Three of the five subindices increased. ‘Current financial conditions’ rose one point but remained below 70 for a third straight week. ‘Future financial conditions’ gained 1.2 points.
‘Current economic conditions’ fell 2.1 points. ‘Future economic conditions’ were down 2.6 points. ‘Time to buy a major household item’ rebounded 2.9 points.