Australia’s ANZ-Roy Morgan Consumer Confidence decreased 1.5% last week, following a decline of 1.1% the previous week, notes the research team at ANZ.
“All of the confidence sub-indices were down, with the exception of a flat ‘time to buy’ reading.”
“Current finances declined by 2.7%, while future finances dropped by 1.5%. This compares to up-ticks of 3.7% and 1.3% respectively for the previous week.”
“The economic conditions sub-indices were also down; with current economic conditions falling 1% and future economic conditions dropping by 2.6%. This week’s moderation comes on the back of falls of 3.6% and 1.7% respectively last week.”
“The ‘Time to buy a major household item’ was unchanged. The four-week moving average for inflation expectations was flat at 4%.”