Consumer confidence rose 4.1 points last week to 87.5 points. The four-week moving average increased 0.2 points to 85.2 points.
'Weekly inflation expectations' declined 0.2 percentage point to 4.9 per cent, while the four-week moving average ticked up 0.1 percentage point to 4.9 per cent.
'Current financial conditions' (over the last year) jumped 9.1 points, while 'future financial conditions' (next 12 months) lifted 4.9 points.
'Short-term economic confidence' (next 12 months) grew 2.7 points, and 'medium-term economic confidence' (next five years) increased 5.2 points.
The 'time to buy a major household item' subindex decreased 1.4 points.
"Consumer Confidence rose 4.1 points last week to 87.5 points. Households are feeling more confident in their personal finances and economic conditions, which may reflect the improvement in market sentiment," ANZ Economist, Sophia Angala said.
"Solid US personal spending data in the first quarter has helped global sentiment, and market reactions to global uncertainty have eased overall a month after US tariff announcements.
"The decline in weekly inflation expectations follows last week's inflation print, which showed that, on an annual basis, Australia's trimmed mean inflation (the Reserve Bank of Australia's preferred measure of core inflation) eased to its lowest level since the fourth quarter of 2021. Given moderating inflation over the past two quarters and the downside risks to domestic growth from trade uncertainty, we expect the RBA to cut the cash rate by 25 basis points at its May meeting."
