Consumer confidence decreased by 1.1pts. Among the mainland states, confidence rose in NSW, Queensland and WA but fell in Victoria and SA.
‘Weekly inflation expectations’ fell 0.1ppt to 5.2%. Its four-week moving average was unchanged at 5.3%.
‘Current financial conditions’ declined 0.8pts. ‘Future financial conditions’ were up 2.2pts, partially offsetting the 3.0pts decline the week before.
‘Current economic conditions’ gained 1.2pts, while ‘future economic conditions’ dropped 4.7pts.
The ‘Time to buy a major household item’ subindex decreased by 3.3pts.