RBA Cash Rate August 2023 & Australian Housing Market Update
The Property Couch
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The Economic Outlook for June
Retail spending dropped 0.8 in June unwinding a 0.8% gain in May led by declines in discretionary spending. On a rolling six months basis, the underlying slowing is very evident as spending has been little changed since November of 2022. Looking forward, I'm expecting retail spending to be under further pressure as the economy calls and will cost jobs unfortunately for those folks.
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