Australia: Confidence stabilises below average – ANZ

Australia’s ANZ-Roy Morgan Consumer Confidence was broadly unchanged last week, edging down just 0.1%, points out the research team at ANZ.

Key Quotes

“The financial conditions sub-components were both negative. Current financial conditions fell 1.4%, following the 6% rise in the previous week, while future financial conditions were down by 3.3%.”

“Economic conditions were mixed, with current economic conditions down 0.1% and future economic conditions rising 3.6%.”

“The ‘time to buy a household item’ rose by 1%, the first rise after three consecutive falls. Four-week moving average inflation expectations were stable at 4%.”