NAB Group Chief Economist Alan Oster talks about the latest impacts of the Coronavirus. Listen now.
In today’s podcast, NAB Group Chief Economist Alan Oster discusses retail sales trends and where this is headed over the next 6-12 months, the deteriorating situation in Europe and data releases next week including CPI and our consumption data.
Listen to the full podcast now. If listening on a mobile device, click listen in browser.
The August employment data showed the unemployment rate ticked down to 4.2%, as widely expected, but payrolls growth has slowed and a trend rise in the unemployment rate is still intact.
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Consumer spending, according to NAB’s transaction data, went up 0.5% in both retail and total spending after being broadly flat last month.
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