Consumer confidence rose 1.6 per cent last week, the fourth consecutive gain. All subindices rose except for ‘time to buy a household item’, which fell 1.0 per cent.
The overall gain was driven by another big jump in ‘current economic conditions’ (up 10.3 per cent), while ‘future economic conditions’ edged up 0.5 per cent.
Financial conditions improved with ‘current finances’ up 1.0 per cent and ‘future finances’ up 0.3 per cent.
The four-week moving average for ‘inflation expectations’ edged down to 3.3 per cent.