As was probably expected, Australian business confidence fell sharply in May, down for a third successive month while business conditions were mixed to weaker.
Get ready for a rates rise. The level of rising confidence, taken with solid retail sales for November, good car sales, still strong demand for housing finance and surging overseas travel, have increased the odds of the RBA lifting rates.
Did the Australian economy hit a pothole in January? The retail sales figures for the month suggest it may have after consumer confidence fell sharply in the month and continued falling in February, writes Glenn Dyer.
Let's make one thing very clear, the Reserve Bank wants us all, individuals and businesses of shapes and sizes to feel very, very scared. So scared in fact that we cut back on spending, investing, buying homes and retreat and keep our wallets closed, cheque accounts quiet, and suffer, writes