Towards the future of the Australian, Asian and global economies: latest updates on domestic, international and industrial trends from NAB Group Economics.
National housing market sentiment fell sharply in Q2 as house prices weakened, but still positive supported by strong rents.
Our latest weekly consumer tracking data shows something of a mixed picture.
Australians are making big changes due to the rising cost of living
Global inflation remains high and showing no signs of easing, placing pressure on household finances. For Australia, we have lowered our GDP forecast for this year and next, upped our near-term inflation outlook and incorporated a new, front loaded rate track for the RBA.
Our latest weekly consumer tracking data to 11 June shows ongoing signs of deterioration, albeit from elevated levels earlier this year.