Unemployment is low, wages are growing at a healthy pace and interest rates remain stable. Retailers have also played their part by discounting heavily.
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I've really seen him change over the past two months. You could just notice his presence more, how physical he was and what a leader he was. He keeps getting better and better.Craig James
It is clear that the level of interest rates are at a sweet spot, neither serving to boost economic activity nor acting as a brake on growth.
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The bottom line is, inflation's still under control. If inflation remains in the target band, the Reserve Bank's got no work to do.
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So the fact that Australia is currently experiencing a mini baby-boom is clearly of importance to a host of companies, especially across retail and housing sectors.
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If it were to extend these sort of gains for the year, it would have 40 growth. Gains of that sort of magnitude just aren't sustainable.
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