MIL-OSI New Zealand: Consumer confidence: weakness persists

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Source: ANZ statements

Consumer confidence increased 0.4pts, but the four-week moving average decreased 0.9pt.

Among the mainland states, confidence rose in Victoria, SA and WA, while it fell in NSW and Queensland.

‘Weekly inflation expectations’ rose 0.1ppt to 5.6%, while the four-week moving average remained at 5.5%.

‘Current financial conditions’ fell 1.5pts, while ‘future financial conditions’ were up 0.3pts.

‘Current economic conditions’ decreased 2.8pts. ‘Future economic conditions’ rose 1.5pts after three straight weeks of declines.

The ‘time to buy a major household item’ subindex rebounded 4.5pts, partially reversing the 7.6pts decline the week before.

MIL OSI New Zealand News