Australian activity now-cast lifts a little

Thursday, 5 April 2018

Via Damien Boey at Credit Suisse:

Activity now-cast

We have taken into account the most recent data on consumption, construction and commodity prices to update our activity proprietary tracker (for further details, please see our recent article “Activity tracker stalls in 1Q”, dated 15 February 2018). Recently, the tracker has lifted sharply from levels consistent with very anaemic growth. This is because:

1. Retail sales growth has picked up.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.