Economic Outlook

15 Aug

Economic Outlook

Outlook 

Australia’s economic data releases remain mixed. The labour market is performing solidly with both jobs growth and an unemployment rate edging down to 5.0 %. The NAB business survey shows favourable results in terms of conditions and confidence.

However as credit tightens and house prices continue to drift lower (particularly Sydney & Melbourne) housing turnover is also slowing. This is dampening consumer demand for household goods and other discretionary categories.

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