On a seasonally adjusted basis, the NAB Online Retail Sales Index recorded a drop in growth in July
Insight
There was a partial recovery in business confidence in September as the Government’s leadership uncertainties were resolved, while financial market volatility and emerging market concerns have moderated from the heights of the previous month – although market concerns remain elevated.
Implications for NAB forecasts (See latest Global and Australian Forecasts report also released today):
For further details, please see the attached documents.
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