The NAB Cashless Retail Sales Index was weaker in April, down 0.6% on a month on month basis in March.

It’s all about infrastructure, tax and supporting the Baby Boomers this year. The expected pre election spend hasn’t materialised.

Business conditions at record levels.

Total NAB customer spending accelerated to 5.0% y/y in Q4 2017, from 3.0% y/y in the previous quarter with spending growth up across all metropolitan and regional areas.

This Weekly is being released early as a preview of next Tuesday’s Federal Budget, likely the last before the next election, which is due by 18 May 2019.

Insights into the mindset of Australian consumers – anxieties around future spending and savings plans, household finances, the economy, financial concerns & how these are impacting spending behaviours and levels of financial hardship.

Business conditions strong and businesses have their say on tax.

Australians remain positive about their lives today but fear the future.

Business conditions strong and businesses have their say on tax.