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

• Our latest fortnightly data shows that consumption activity has returned close to the levels of the start of 2020, but clearly March-April-May saw a huge hole in the sector.
• Victoria’s flare up in cases has caused some concern, but it is still too early to see this reflected in our consumption data. Hospitality is a prime candidate for difficult conditions in Victoria with restrictions ongoing.
• US case growth is a major concern – 39,000 daily cases were reported overnight.

Listen to the full podcast now.