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Source: ANZ statements

The confidence winning streak continues for the fifth straight week, with a gain of 0.7%. Confidence is up 6.1% over this period and is up more than 10% since the second weekend of August when it fell to its lowest level since April.

‘Current financial conditions’ gained 3.3%, while ‘future financial conditions’ gained 0.3% for its fourth straight weekly gain.

Running in the other direction, however, ‘current economic conditions’ declined 1.1%. This did come off the back of a gain of 10.3% in the previous reading. ‘Future economic conditions’ gained 1.6%, its third straight weekly increase.

‘Time to buy a household item’ fell 0.5%, its third straight weekly decline. The four-week moving average of ‘Inflation expectations’ gained 0.1 ppt to 3.4%.

MIL OSI New Zealand News