Consumer confidence continues to rise, jumping 1.5 per cent last week as Australia reported stronger-than-expected fourth-quarter economic growth and ANZ job ads surged.

'Current financial conditions' gained 1.5 per cent following a two-week decline, while 'future financial conditions' improved 1.1 per cent.

'Current economic conditions' rose 3.6 per cent and 'future economic conditions' registered a gain of 2.1 per cent - almost reversing the fall of 2.4 per cent the week before.

'Time to buy a major household item' softened 0.8 per cent. 'Weekly inflation expectations' dropped to 3.8 per cent (down 0.1 percentage points), with the four-week moving average steady at 3.7 per cent.

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ANZ - Australia & New Zealand Banking Group Ltd. published this content on 09 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 March 2021 04:24:05 UTC.