After two straight gains consumer confidence declined 0.3 per cent last week.
‘Overall financial conditions’ was flat as a decline of 0.5 per cent in ‘current finances’ was balanced by a similar increase in future finances.
‘Current economic conditions’ fell 1.8 per cent while ‘future economic conditions’ gained 3.5 per cent last week.
‘Time to buy a major household item’ was down 2.4 per cent compared to a gain of 4.7 per cent previously. The four-week moving average of ‘inflation e xpectations’ was stable at 3.9 per cent.