The consumer confidence reading has ended a three-week decline to jump 1 per cent as COVID-19 vaccines arrived. The subindices were mixed.
‘Current financial conditions’ softened 0.2 per cent, while ‘future financial conditions’ improved 1.1 per cent. ‘Current economic conditions’ gained 2.4 per cent but ‘future economic conditions’ declined 2.6 per cent.
‘Time to buy a major household item’ surged 4.2 per cent, reversing most of the decline in the previous week. The weekly inflation expectations rose to 3.9 per cent (up 0.3 percentage points).