Consumer confidence dropped 1.3 per cent over the weekend of February 13 and 14, but remains near its long-run average. The assessment deteriorated on all subindices, except 'current financial conditions'.

'Current financial conditions' was up 0.2 per cent, while 'future financial conditions' dropped 2.8 per cent, its sharpest weekly decline in over seven months.

'Current economic conditions' declined 1.8 per cent and 'future economic conditions' weakened 1.8 per cent. 'Time to buy a major household item' softened 0.3 per cent. The four-week moving average for inflation expectations was steady at 3.7 per cent.

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ANZ - Australia & New Zealand Banking Group Ltd. published this content on 16 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 February 2021 00:42:02 UTC.