In today’s podcast, NAB Group Chief Economist Alan Oster discusses the following:

• Yesterday the ABS released a preliminary retail trade figure for April at -18% the lowest on record. But our internal data is showing signs of stabilisation in May.
• There is likely to be a ramp up in domestic tourism later this year, with many now taking domestic holidays as international travel is likely to remain heavily restricted well into 2021.

Listen to the full podcast now.