BUSINESS

We shine a light on the ongoing innovation efforts of Australian business.

A strong first half and easing downside risks.

The business conditions index rose by 2pts to +15 index points in August, recovering some of the ground lost in recent months. Business confidence fell 3pts to +4 index points and is now below average.

Another decent outcome.

The last month of winter saw the housing market correction deepen, with dwelling values falling across five of Australia’s eight capital cities. CoreLogic’s national index was down three tenths of a percent over the month taking the cumulative decline since values peaked in September last year to 2.2%.

Online sales growth on par with June, faster over the year

Total NAB customer spending grew 5.6% y/y in Q2 2018, down from 6.8% in the previous quarter and 3.9% in the same quarter a year ago. It grew faster in metropolitan (6.5%) than regional (5.1%) areas.

Our expectation for the Australian economy is that GDP will increase by just under 3.0% in 2018 and 2019.

Vision, teamwork and a passion for producing the perfect pie have helped the Porter family transform the old Yatala Pies pie shop into a baking powerhouse.