Michael Blythe
Michael Blythe
caution consumer drag housing overall persists remains sector services weak
Consumer caution persists and a weak housing sector remains a drag on overall services sector activity.
alive central employment inflation keeps risks strong wage
Strong employment keeps alive the risks to wage inflation and the central bank's concerns.
economy gears half hard hurry outlook says second several stepped
It's confirmation the economy stepped down several gears in the second half of 2005. It is hard to be too pessimistic for the outlook for 2006, but it is one of those indicators that says there is no hurry to do anything on rates.
australian economy gears half last second several stepped
This is confirming that the Australian economy stepped down several gears in the second half of last year.
activity continued given head impressive improvement winds
The continued improvement in services-sector activity is particularly impressive given the head winds restraining the consumer-related sectors.
again borrowing business economic growth investment looks ongoing pointing strong support
Business borrowing had another strong month, pointing to ongoing investment growth. Investment again looks set to support economic growth this quarter.