Australian Consumer Confidence Highest Since Early March

Australian consumer confidence rose to 68.8 points last week, reaching its highest level since early March, while weekly inflation expectations declined to 5.9%.

Key Takeaways

• 1.Consumer confidence rose 2.7pts to 68.8pts, its highest level since early March, though it remains 17.5pts below the 2025 average.
• 2.Weekly inflation expectations decreased to 5.9%, the lowest level since early March, likely reflecting softer-than-expected monthly inflation data.
• 3.The weak level of confidence and soft consumer demand support a view that the RBA will maintain the cash rate at 4.35% for the near term.

Table of Contents

• Contributors
• Highest since early March
• ANZ-Roy Morgan Australian Consumer Confidence and inflation expectations
• ANZ Economist, Sophia Angala, commented
• Important notice

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