Consumer confidence rose 0.7 points last week to 84.2 points. The four-week moving average was unchanged at 84.5 points.
'Weekly inflation expectations' remained at 5.2 per cent, while the four-week moving average ticked up to 5.1 per cent
Current financial conditions' (over the last year) decreased 0.9 points, while 'future financial conditions' (next 12 months) fell 3.8 points.
'Short-term economic confidence' (next 12 months) lifted 2.1 points, and 'medium-term economic confidence' (next five years) was up 1.2 points.
The 'time to buy a major household item' subindex jumped 5.2 points.
"Consumer Confidence rose 0.7 points last week to 84.2 points. The rise was driven by a 5.2 points increase in the 'time to buy a major household item' subindex, as Black Friday sales events began during the survey period," ANZ Economist, Sophia Angala said.
"Consumers' confidence in their economic conditions also improved. The end to the US federal government shutdown and a decline in Australia's unemployment rate in October may have supported this.
"Across the housing cohorts, on a four-week moving average basis, mortgage-holder confidence rose above outright homeowner confidence for the first time since early July.
"Renter confidence dropped to its lowest level since August 2024. This contrasts with the rate hiking cycle when mortgage holders were the least confident housing cohort."
