Consumer confidence resumed its climb last week after pausing the week before. Most subindices rose; the exception was ‘future economic conditions.’
‘Current finances’ gained 0.5 per cent, its third straight weekly gain; while ‘future finances’ gained 1.4 per cent. Economic conditions were mixed, with ‘current economic conditions’ gaining 2.6 per cent, while ‘future economic conditions’ declined by 2.6 per cent.
‘Time to buy a household item’ rose by 1.3 per cent, compared to a decline of 5.7 per cent in the previous reading. The four-week moving average for ‘inflation expectations’ was stable at 3.2 per cent.