Australia: Consumer Confidence down a notch – ANZ

Australia’s ANZ-Roy Morgan Consumer Confidence fell marginally by 0.3% last week, consolidating at an above average level, notes the research team at ANZ.

Key Quotes

“Current finances were up by 2.6% for the week, while future finances gained 2.4%. Both are above average.”

“In contrast, the economic conditions sub-indices were down – with current economic conditions falling 4.3%, closing below its long-term average, while future economic conditions lost 0.3%.”

“The ‘time to buy a major household item’ index fell 2.6%, its second consecutive decline. The four-week moving average for inflation expectations was stable at 4.0%.”