We’re seeing below average confidence and conditions. The picture remains unchanged since last month – business sector has lost significant momentum since early 2018 and forward looking indicators don’t point to an improvement in the near term.

Recent RBA research shows that high mortgage debt is a drag on consumer spending, helping explain the weak growth in consumption since the global financial crisis.

Confidence kick short-lived, conditions remain below average.

Fruit and vegetable prices are the two most volatile components of the CPI and can have a large effect on headline inflation.

Consumer anxiety fell for the second straight quarter in Q2 2019, led by a post-election fall in anxiety arising from government policy.

Economic growth is slowing as public demand continues to be the main driver of GDP growth.

The federal election and lower expected interest rates have contributed to a rebound in business confidence- but not business conditions.

Governor Lowe has said that reducing unemployment to the bank’s 4.5% estimate of the NAIRU should return inflation to the 2-3% target band.

Confidence saw a post-election spike in May but conditions decline further with the private sector continuing to lose momentum.

The RBA will be helped by looming personal income tax cuts and a relaxation of prudential regulations on mortgages. 

The sharing economy is going gangbusters and entrepreneurial Australians are securing a slice of the action.

Shock election result sees the unexpected re-election of the Coalition government

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