Consumer confidence fell 2.2 per cent lower compared to the last survey of 2021 (conducted on the 18 the and 19th of December) as cases of the omicron variant of COVID-19 surged in all states and territories other than Western Australia.

The confidence subindices registered mixed results. 'Current financial conditions' increased by 1.4 per cent and 'future financial conditions' rose 0.7 per cent.

'Current economic conditions' fell 8.7 per cent to its lowest level since the last week of September 2021. 'Future economic conditions' gained 2.8 per cent.

'Time to buy a major household item' declined 4.9 per cent. 'Weekly inflation expectations' dropped 0.1 percentage points to 4.9 point, while its four-week moving average was unchanged at 4.9 per cent.

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ANZ - Australia & New Zealand Banking Group Ltd. published this content on 11 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 January 2022 23:17:05 UTC.