Stable

• Consumer confidence fell 0.2 points last week to 86.3 points. The four-week moving average ticked down 0.1 points to 87.2 points.

• ‘Weekly inflation expectations’ dropped 0.2 of a percentage point to 4.7 per cent, while the four-week moving average was unchanged at 4.8 per cent.

• ‘Current financial conditions’ (over the last year) declined 2.7 points, while ‘future financial conditions’ (next 12 months) eased 1.8 points.

• ‘Short-term economic confidence’ (next 12 months) increased 2.6 points, and ‘medium-term economic confidence’ (next five years) lifted 2.1 points.

• The ‘time to buy a major household item’ subindex decreased 0.9 points.

ANZ Economist Sophia Angala said: "The ANZ-Roy Morgan Australian Consumer Confidence series largely moved sideways last week, falling just 0.2 points to 86.3 points. The result was driven by a mixture of outcomes across the subindices."

"While household confidence in financial conditions weakened, confidence in economic conditions improved despite soft labour market data last week," said Angala. 

"Confidence amongst mortgage holders is up, compared to two weeks ago, despite the RBA’s surprise decision to hold the cash rate at 3.85 per cent," she said.

"Confidence amongst renters declined to a 10-month low, with renters the least confident housing cohort."

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