• Consumer confidence fell 1.3 points last week to 84.6 points. The four-week moving average declined 0.3 points to 87.0 points.
• 'Weekly inflation expectations' ticked up 0.1 percentage point to 5.0 per cent, while the four-week moving average remained at 4.9 per cent.
• 'Current financial conditions' (over the last year) eased 2.3 points, while 'future financial conditions' (next 12 months) rose 1.0 points.
• 'Short-term economic confidence' (next 12 months) decreased 1.4 points, and 'medium-term economic confidence' (next five years) increased 0.7 points.
• The 'time to buy a major household item' subindex dropped 4.8 points.
"ANZ-Roy Morgan Australian Consumer Confidence declined for the second consecutive week, driven by falls across most subindices. Economic confidence weakened slightly, as household confidence in the economy over the next year fell to its lowest level since 13 April (the first survey week following US tariff announcements). Soft labour market data last week may have driven this result," said ANZ Economist Sophia Angala.
"Looking ahead, ANZ-Indeed Australian Job Ads remain elevated, and a trend upwards in business conditions should see the unemployment rate remain low. That should support consumer spending, although the soft patch in confidence does present a note of caution."
