NAB Group Chief Economist Alan Oster talks about the latest economic news. Listen now.
Today Alan Oster, NAB Group Chief Economist, discusses the latest ABS construction data, our fed rate call change, prospects for the Australian economy in 2022, energy prices and increasing covid cases in Europe.
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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