Australia: Confidence consolidates – ANZ

Australia’s ANZ-Roy Morgan Consumer Confidence fell marginally by 0.3% last week, consolidating at an above average level, notes the research team at ANZ.

Key Quotes

“Financial conditions were mixed with current finances up by 0.2%, while future financial conditions fell 1.2%.”

“Economic conditions were also mixed. Current economic conditions rose 4.1%, largely reversing the prior week’s fall of 5.5%, while future economic conditions were down 3.6%. Both the sub-indices were well above their long term averages.”

“The ‘time to buy a household item’ fell 0.3% compared to a rise of 4% last week. The four-week moving average for inflation expectations fell by 0.1ppt to 4.0%.”