Consumer confidence rose 1.9 points last week, and the four-week moving average increased by 0.6 points.
Among the mainland states, confidence rose in New South Wales, Victoria, and Queensland, while it fell in South Australia and Western Australia.
The ‘weekly inflation expectations’ index softened 0.1 percentage points to 5.1 per cent, while the four-week moving average stayed at 5.2 per cent.
‘Current financial conditions’ rose 3.2 points, moving above 70 for the first time since April. ‘Future financial conditions’ increased 1.7 points.
‘Current economic conditions’ rose 1.0 points after two straight weeks of declines. ‘Future economic conditions’ gained 1.6 points. The ‘time to buy a major household item’ subindex improved 2.1 points.