Online retail sales growth slowed in May following a fairly strong April
Insight
Businesses become more confident in the September quarter. This fundamentally appears to be driven by political factors – albeit the lower AUD and rates, together with stronger asset markets would have helped.
Businesses become more confident in the September quarter. This fundamentally appears to be driven by political factors – albeit the lower AUD and rates, together with stronger asset markets would have helped. But these factors have not yet boosted business conditions, which tracked lower to the weakest level in four years. Forward indicators remain subdued. Capex expectations also weak, especially in mining. Prices growth implies soft underlying inflation in Q3.
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