Consumer confidence decreased by 2.1pts. Among the mainland states, confidence rose in NSW and Queensland, while it fell in Victoria, SA, and WA.
‘Weekly inflation expectations’ rose 0.3ppt to 5.3%, while its four-week moving average was unchanged at 5.3%.
‘Current financial conditions’ dropped 4.0pts to its second lowest level on record since 2001. ‘Future financial conditions’ gained 0.3pts.
‘Current economic conditions’ fell 2.9pts, while ‘future economic conditions’ were down 1.6pts.
‘Time to buy a major household item’ declined 2.7pts and remained below 70 for a thirteenth consecutive week.