Consumer confidence slight gain

Consumer confidence rose 0.4 points last week to 84.2 points. The four-week moving average fell 1.4 points to 85.7 points.

 ‘Weekly inflation expectations’ ticked up 0.1 percentage point to 4.9 per cent, while the four-week moving average grew 0.2 percentage point to 4.7 per cent.

‘Current financial conditions’ (over the last year) decreased 2.5 points, while ‘future financial conditions’ (next 12 months) lifted 0.8 points.

‘Short-term economic confidence’ (next 12 months) fell 0.6 points, and ‘medium-term economic confidence’ (next five years) increased 1.8 points.

The ‘time to buy a major household item’ subindex jumped 2.4 points.

"Australian Consumer Confidence rose slightly last week, lifting just 0.4 points to 84.2 points," ANZ Economist Sophia Angala said.

"The small gain was largely driven by the 2.4 point rise in the ‘time to buy a major household item’ subindex, which is now at its highest level since the beginning of the year. This may have been supported by sales events last week.

"Global uncertainty may be weighing on confidence. On a four-week moving average basis, the series fell to its lowest level since October 2024. Households are feeling less confident in their financial and economic conditions, with all financial and economic outlook subindices now sitting below their second half 2024 averages."

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