Analysts from the Australia and New Zealand Banking Group (ANZ) are out with a note highlighting that the Australian 'soft landing' economic outlook a
Analysts from the Australia and New Zealand Banking Group are out with a note highlighting that the Australian soft landing economic outlook appears to be holding, with economic indicators treading softly. significant easing across most price and cost indicators in the NAB survey Consumer and business surveys over the past week suggest the soft landing remains on track.
In both cases these are the weakest results since July 2021. Retail prices growth increased slightly from 1.78% q/q to 1.84% q/q, but this is still one of the weakest six monthly readings since the end of 2021. On the household side, the ANZ‑Roy Morgan Australian Consumer Confidence survey was at its highest level since February. The data and events flow picks up over the coming week with the September labour force survey and the minutes of the RBA’s October board meeting...
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