Consumer confidence is back on an improving trajectory after the pullback last week. The overall rating rose 2.9 per cent, with all the subindices gaining.
‘Current financial conditions’ rose by 2.3 per cent, while ‘future financial conditions’ inched up 0.2 per cent.
‘Current economic conditions’ surged by 7.6 per cent, while ‘future economic conditions’ improved by 1.5 per cent.
‘Time to buy a major household item’ bounced 4.2 per cent. The four-week moving average of ‘inflation expectations’ was steady at 3.5 per cent.