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Labour market conditions remain tight with the unemployment rate at 3.4%; wage growth though remains restrained. > Read MoreThe latest NAB Online Retail Sales Index shows sales experienced relatively strong month-on-month growth of 1.1% in September, seasonally adjusted. This is a considerable improvement on the sales weakness evidence in July (-1.4%). > Read MoreThere is still solid underlying momentum in the economy despite the slowdown in U.S. GDP growth in the September quarter. > Read MoreChina’s service sector has been the main contributor to economic growth in recent times – particularly as trends in the industrial sector continue to weaken. In Q3, the services industry (led by finance) maintained fairly stable growth. > Read More
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