Consumer caution persists and a weak housing sector remains a drag on overall services sector activity.
More Quotes from Michael Blythe:
Business borrowing had another strong month, pointing to ongoing investment growth. Investment again looks set to support economic growth this quarter.Michael Blythe
So we suspect that it won't take much to give the RBA that extra shove toward tightening.
Michael Blythe
A difficult retail environment resulted in significant discounting, so lower prices for clothing, household appliances, tools and computing equipment are possible. A low CPI number obviously increases the odds on the Reserve Bank continuing to sit on the sidelines.
Michael Blythe
The continued improvement in services-sector activity is particularly impressive given the head winds restraining the consumer-related sectors.
Michael Blythe
Some of the risks coming through in the labor market in Australia are still very tight and, ultimately, you would expect that to push up wages and then flow through to inflation.
Michael Blythe
Readers Who Like This Quotation Also Like:
That's all nonviolence is - organized love.Joan Baez
I don't have pet peeves, I have whole kennels of irritation.
Whoopi Goldberg
We have thousands of patients and family members who are dealing with dual devastation, cancer and the hurricane.
Greg Anderson