Consumer confidence increased 2.8pts, but the four-week moving average decreased 0.6pts.
Among the mainland states, confidence rose in NSW, Victoria, Queensland, and SA, while it fell slightly in WA.
‘Weekly inflation expectations’ rose 0.3ppt to 5.5%, while the four-week moving average increased from 5.3% to 5.4%.
‘Current financial conditions’ gained 6.5pts after a cumulative 11pts decline over the previous three weeks. ‘Future financial conditions’ rose 0.2pts.
‘Current economic conditions’ increased 1.9pts, while ‘future economic conditions’ softened 0.8pts.
The ‘time to buy a major household item’ subindex jumped 6pts to its highest since early February.