10/12/2021 | Press release | Distributed by Public on 10/11/2021 16:50
Consumer confidence rose 1.0 per cent last week, its fifth straight week of small but consistent gains. Anticipation of yesterday's reopening of greater Sydney, after over 100 days of strict restrictions, likely added to last weekend's positive outlook.
The subindices registered mixed results. 'Current financial conditions' dropped 1.5 per cent, while 'future financial conditions' gained 0.3 per cent.
'Current economic conditions' rose 4.2 per cent, but 'future economic conditions' softened 0.5 per cent.
'Time to buy a major household item' improved 2.6 per cent. 'Weekly inflation expectations' dropped 0.1ppt but remained elevated at 4.7 per cent. The four-week moving average rose 0.1ppt to 4.8 per cent.