Consumer confidence was practically unchanged last week, with a decrease of just 0.1 per cent. Among the major states, confidence increased in NSW, was unchanged in Victoria, and it dropped in Queensland, SA, and WA.

• 'Weekly inflation expectations' increased 0.2ppt to 5.5 per cent, while its fourweek moving average was unchanged at 5.3 per cent.

• Three out of the five confidence subindices increased. 'Current financial conditions' dropped 4.4 per cent, its third consecutive weekly decline. 'Future financial conditions' fell 5.5 per cent after a 6.1 per cent increase the week before.

• 'Current economic conditions' gained 1.5 per cent, while future economic conditions were up 3.7 per cent.

• 'Time to buy a major household item' rose 5.4 per cent, after a 4.5 per cent increase the previous week.

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ANZ - Australia & New Zealand Banking Group Ltd. published this content on 31 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 May 2022 01:09:07 UTC.