Consumer confidence increased by 1.4 points last week, but remains low. Among the mainland states, confidence rose in Victoria, Queensland, South Australia and Western Australia, while it fell in New South Wales.
‘Weekly inflation expectations’ declined 0.2 percentage points to 5.1 per cent, while its four-week moving average was unchanged at 5.2 per cent.
‘Current financial conditions’ jumped 7.9 points after a cumulative 9.4 points decline in the previous two weeks. ‘Future financial conditions’ rose 1 points.
‘Current economic conditions’ rose 0.1 points, while ‘future economic conditions’ fell 2.7 points offsetting the 2.6 points rise the week before.
‘Time to buy a major household item’ rose 1 points after a cumulative decline of 5.3 points over the previous three weeks.