Consumer confidence increased by 1.8pts. Among the mainland states, confidence fell in the south-east (NSW, Victoria and SA) and rose in Queensland and WA.
‘Weekly inflation expectations’ fell 0.3ppt to 5.0%, while its four-week moving average was down 0.2ppt to 5.3%.
‘Current financial conditions’ rose 1.0pts, exceeding 70 for the first time since early March. ‘Future financial conditions’ gained 2.0pts.
‘Current economic conditions’ gained 2.3pts, while ‘future economic conditions’ jumped 4.0pts after three consecutive weekly declines.
‘Time to buy a major household item’ eased by 0.4pts but was still the second-strongest result since late February.