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Paul Bloxham: HSBC chief economist on Australia's retail sales rebounding after winter downturn
Manage episode 442934391 series 2098282
Australian retail sales rebounded by more than expected in August as warmer weather brought forward spring spending after a midwinter slump.
According to the Australian Bureau of Statistics, retail sales rose 0.7 percent - beating out initial predictions of 0.4 percent.
HSBC chief economist Paul Bloxham says it's clear recent tax cuts have driven up consumer spending.
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7999 episode
Manage episode 442934391 series 2098282
Australian retail sales rebounded by more than expected in August as warmer weather brought forward spring spending after a midwinter slump.
According to the Australian Bureau of Statistics, retail sales rose 0.7 percent - beating out initial predictions of 0.4 percent.
HSBC chief economist Paul Bloxham says it's clear recent tax cuts have driven up consumer spending.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
7999 episode
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