ANZ Roy Morgan index fell 1.2 per cent last week, its second straight weekly loss – ensuring confidence remains below its long-run average.
The financial conditions subindices were positive. Current finances gained 0.2 per cent, while future finances were up 0.7 per cent. These small gains coming after large falls last week.
In contrast weakness in the economic conditions subindices continued for a second week. Current economic conditions fell 1 per cent, while future economic conditions lost 1.7 per cent.
The ‘Time to buy a household item’ measure fell 3.9 per cent after two successive gains. Inflation expectations (IE) remained stable at 4.1 per cent.