ANZ - Australia & New Zealand Banking Group Ltd.

04/20/2021 | Press release | Distributed by Public on 04/19/2021 18:25

Consumer confidence steady

Headline consumer confidence remained practically unchanged at 114.0 last weekend. This is 35.4 per cent higher than confidence in the same weekend a year ago (18 to 19 April, 2020).

The details were mixed. 'Current financial conditions' softened 3.4 per cent, while 'future financial conditions' fell 1.6 per cent. In contrast, 'current economic conditions' gained 2.0 per cent and 'future economic conditions' rose 1.2 per cent.

'Time to buy a major household item' improved 1.4 per cent. 'Weekly inflation expectations' fell 0.2 percentage points to 3.7 per cent, but the four-week moving average remained steady at 3.8 per cent.