Total spending grew 1.2% m/m in May
Insight
Conditions improve slightly in November and are consistent with an economy growing around trend. Services sectors (ex. finance) and retail doing better. Confidence overall relatively stable – despite European concerns. GDP revised up on mining & consumer strength. Business conditions edged higher in November, after softening a little in the previous month, and are consistent […]
Conditions improve slightly in November and are consistent with an economy growing around trend. Services sectors (ex. finance) and retail doing better. Confidence overall relatively stable – despite European concerns. GDP revised up on mining & consumer strength.
Implications for NAB forecasts:
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