Australia and New Zealand Banking : Consumer confidence rebounds despite Sydney lockdown

With Brisbane, Perth and Darwin emerging from their snap lockdowns, consumer confidence rebounded 2.0 per cent despite the Sydney lockdown being extended for a third week.

All the subindices registered a gain. 'Current financial conditions' rose 0.4 per cent, while 'future financial conditions' improved 2.0 per cent.

'Current economic conditions' gained 1.7 per cent, while 'future economic conditions' increased by 3.7 per cent.

'Time to buy a major household item' rose 2.0 per cent. 'Weekly inflation expectations' increased by 0.3ppt to 4.1 per cent, pushing the four-week moving average up 0.1ppt to 4.1 per cent.