Consumer confidence rose 0.8 points last week to 88.3 points. The four-week moving average increased 1.0 points to 86.2 points.
'Weekly inflation expectations' declined 0.4 percentage point to 4.5 per cent, while the four-week moving average was unchanged at 4.9 per cent.
'Current financial conditions' (over the last year) fell 2.4 points, while 'future financial conditions' (next 12 months) lifted 0.9 points.
'Short-term economic confidence' (next 12 months) grew 3.2 points, and 'medium-term economic confidence' (next five years) decreased 0.4 points.
The 'time to buy a major household item' subindex jumped 2.5 points.
"ANZ-Roy Morgan Australian Consumer Confidence rose 0.8 points last week to 88.3 points. The series is at its highest level since the Reserve Bank Australia (RBA)'s 25 basis point rate cut in February," ANZ Economist, Sophia Angala said.
"Last week's lift was driven by an improvement in household confidence in the 12-month outlook. Household economic confidence over the next year on a four-week moving average basis is at its highest level since early March, prior to the introduction of US tariffs on aluminium and steel products. The lift in the 12-month outlook may also be supported by the prospect of a 25 basis point rate cut by the RBA at its May meeting. We continue to expect this rate cut given moderating inflation, lower than expected household spending data last week and the uncertain global backdrop."
