Brian Redican
Brian Redican
capacity expect gone household mining sector stream support
The household sector has really gone into its shell. We do expect to see new capacity come on stream in the mining sector, and that should support exports.
bank bias concerned governor lower market push rate remained reserve saying scope trying wages
The market has been trying to push a rate cut, but the Governor has remained steadfast, saying there is no scope for lower rates. The Reserve Bank does have a tightening bias and is concerned by wages pressure.
coming emerge employment higher inflation interest lingering rates remains risk signs stronger
There remains a lingering risk of higher interest rates should signs of stronger employment and inflation emerge in coming months.
bright economic growth number positive
This is a very positive number and it augurs well for economic growth. It's a bright spot.
consumer current employment factors growth higher housing interest petrol reflects slower spending
The current slowdown in consumer spending reflects factors such as slower employment growth, higher petrol prices, higher interest repayments and a slower housing market.
exports optimistic quarter second until
We're optimistic that exports will improve, but probably not until the second quarter of 2006.