Consumer confidence dropped 3.7pts, and the four-week moving average decreased 0.8pts.
Among the mainland states, confidence rose only in WA, while it fell in NSW, Victoria, Queensland and SA.
‘Weekly inflation expectations’ rose 0.2ppt to 5.3%, while the four-week moving average increased to 5.3% from 5.2%.
‘Current financial conditions’ fell 5.6pts after a cumulative 6.4pts gain over the previous two weeks.
‘Future financial conditions’ confidence was down 4.8pts.
‘Current economic conditions’ declined 3.2pts, while ‘future economic conditions’ fell 3.5pts.
The ‘time to buy a major household item’ subindex softened 1.1pts.