• Consumer confidence rose 2.0 points last week to 88.0 points. The four-week moving average fell 0.6 points to 88.2.
• 'Weekly inflation expectations' ticked down 0.1 points to 4.9 per cent, while the four-week moving average eased 0.1 points to 5.0 per cent.
• 'Current financial conditions' (over the last year) lifted 1.0 points, while 'future financial conditions' (next 12 months) declined 0.1 points.
• 'Short-term economic confidence' (next 12 months) increased 2.3 points, and 'medium-term economic confidence' (next five years) decreased 0.5 points.
• The 'time to buy a major household item' subindex jumped 6.9 points.
"ANZ-Roy Morgan Australian Consumer Confidence has partly recovered some of the prior week's decline, lifting 2.0 points to 88.0 points last week. The index remains below the three-year high reached in early August. There was a mixed performance across the subindices last week. The 'time to buy a major household item' subindex recorded the largest rise at 6.9 points, a recovery from the three-month low in the week prior," said ANZ Economist Sophia Angala.
"Weekly inflation expectations fell 0.1 point despite last week's monthly inflation data showing that headline inflation spiked in July, albeit driven by more volatile items. On a 4-week moving average basis, inflation expectations have hovered around 5.0 per cent over the past month and suggest consumers' inflation expectations remain anchored," she said.
