Consumer confidence jumped 3.1 per cent last week, as the NSW government released its much anticipated “roadmap to freedom”, which sets out the plan for easing of restrictions once 70 per cent of adults in the state have been fully vaccinated.
Four out of the five subindices made significant gains. ‘Current financial conditions’ rose 2.0 per cent, while ‘Future financial conditions’ were up 3.7 per cent.
‘Current economic conditions’ improved 6.8 per cent, while ‘Future economic conditions’ softened 0.6%.
‘Time to buy a major household item’ gained 4.2 per cent. ‘Weekly inflation expectations’ dropped 0.2ppt but remained quite elevated at 4.5 per cent. Its four-week moving also remained at 4.5 per cent.
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