sydneyaustralian consumer confidence continues to plumb lows consistent with a recession falling for a third consecutive week last week amid rising concerns about the stability of the global banking sector consumer confidence decreased by 05 points over the week to 765 points according to a weekly survey by the anz bank and pollster roy morgan meanwhile weekly inflation expectations increased by 02 percentage points to 59 its highest level since middecember according to the survey the data come as financial markets are jostled by news of jitters in the global banking system which have spread from the us to europe anz senior economist adelaide timbrell said that consumer confidence is among the weakest recorded by the survey confidence among those paying off mortgages fell 43 points and is at its lowest since interest rates began to rise nearly a year ago the data showed the proportion of people saying it is a bad time to buy a major household item rose to 55 its highest since early april 2020 confidence about current finances increased 09 points but was still at its second lowest level since the initial covid outbreak in early 2020 according to the survey sentiment around current financial conditions rose 09 points after a cumulative fall of 86 points over the previous three weeks future financial conditions eased 03 points current economic conditions fell 07 points while future economic conditions were up one point over the week consumers remained downbeat on the question of whether to buy a major house item which fell 35 points last week to its lowest level since april 2020 the weekly anzroy morgan australian consumer confidence rating is based on 1482 interviews conducted online and over the telephone during the week to sunday