Consumer confidence decreased by 1.8pts. Among the mainland states, confidence rose in Victoria and fell in NSW, Queensland, SA and WA.
‘Weekly inflation expectations’ was unchanged at 5.3%, while its four-week moving average fell 0.1ppt to 5.2%.
‘Current financial conditions’ dropped 5.4pts to its lowest on record since 2001. ‘Future financial conditions’ lost 4.6pts.
‘Current economic conditions’ rose 0.6pts, while ‘future economic conditions’ were up 2.6pts.
‘Time to buy a major household item’ fell 2.2 pts, its third consecutive weekly decline.