Consumer confidence dropped 7.6 per cent last week. Among the major states confidence was down sharply in NSW, Victoria, SA, and WA, while it was virtually unchanged in Queensland.

• 'Weekly inflation expectations' decreased 0.1ppt to 5.6 per cent, while its fourweek moving average was unchanged at 5.5 per cent.

• All subindices fell. 'Current financial conditions' dropped 1.0 per cent, while 'future financial conditions' fell 10.1 per cent.

• 'Current economic conditions' declined 7.2 per cent after a 9.4 per cent loss the week before. Future economic conditions were down 4.6 per cent.

• 'Time to buy a major household item' dropped 14.4 per cent.

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ANZ - Australia & New Zealand Banking Group Ltd. published this content on 15 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 June 2022 00:02:02 UTC.