Consumer confidence saw a slight increase last week, rising by 1.1 points to 85.3 according to recent data. Despite this, the four-week moving average fell slightly by 0.6 points, settling at 85.1 points.
In the realm of inflation, 'weekly inflation expectations' experienced a decline of 0.2 percentage points to 4.7 percent. The four-week moving average on inflation edged up by 0.1 percentage points to 4.8 percent.
Examining financial conditions, 'current financial conditions' over the past year saw an increase of 4.6 points. Conversely, 'future financial conditions' for the next year decreased by 0.7 points.
In terms of economic confidence, 'short-term economic confidence' for the next year rose by 4.0 points, whereas 'medium-term economic confidence' over the next five years fell by 2.5 points.
The 'time to buy a major household item' subindex showed a minor uplift of 0.4 points.
"ANZ-Roy Morgan Australian Consumer Confidence increased 1.1 points last week to 85.3 points, but was still below its 2025 average," ANZ Economist, Sophia Angala stated.
"There were strong increases in households’ confidence in their current finances and economic conditions over the next year, after consecutive falls in these indices over the previous two weeks.
"Weekly inflation expectations fell to 4.7 percent following last week’s softer-than-expected monthly consumer price index data, which printed at 2.4 percent year on year in February.
"On a four-week moving average basis, renter confidence continues to trend up, while outright homeowner and mortgage holder confidence are down. Outright homeowner confidence has fallen sharply through 2025 so far."