Consumer confidence rose 2.3 per cent on the back of a sharply improved assessment for both current and future economic conditions. The other details were mixed.
‘Current financial conditions’ rose 2.4 per cent, but ‘future financial conditions’ weakened 1.7 per cent. ‘Current economic conditions’ surged 9.1 per cent, and ‘future economic conditions’ jumped 5.9 per cent.
The ‘Time to buy a major household item’ index fell 2.0 per cent. The four-week moving average for inflation expectations picked-up 0.1 percentage points to 3.7 per cent.