Last month’s surprise spike in business conditions was more than unwound in November, although that was partly expected.

NAB Online Retail Sales Index (NORSI) rebounded in October(+1.5% mom s.a.) from a contraction in September (-0.5%).

Spending growth slows but “experiences” continue to out-perform.

NAB’s proprietary indicator of Australian retail sales reveals a continuation of very slow growth in recent months.

Business conditions hit an all new high in October.

Online sales contract in the month, also slower over the year.

Insights into the donating behaviours of Australian consumers

SME business conditions and confidence both improved in Q3.

Unemployment to head lower say labour market indicators.

The NAB Quarterly Business Survey showed a continuation of the very upbeat conditions for firms into the September quarter.

Overall sentiment in commercial property markets moderated for the second straight quarter, with NAB’s Commercial Property Index down 5 points to +18 in Q3, but still well above long-term average levels (+2).

NAB’s proprietary indicator of Australian retail sales, the NAB Cashless Retail Sales Index, reveals a rebound in spending in the month of September.

Economic growth in most states is expected to strengthen somewhat in 2017-18 before moderating a little in 2018-19 as dwelling investment and LNG exports peak.

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