Westpac Economic Update: 26 September 2014

Westpac Economist Elliot Clarke comments on this week’s RBA – Financial Stability Review on the concerns over the housing market and the imbalance of supply and demand. Also, this week the Westpac’s MNI China consumer sentiment index showing a flat outcome where consumers are cautious over family finances, household consumption, housing affordability and concerns in the employment market. Looking ahead to next week’s Australian retail sells, dwelling approvals, trade and private credit data, as well as overseas the ECB policy meeting.

You can find more weekly economic updates from Bill Evans and his team on the Westpac website. Their forecasts are available every Friday at lunchtime, Sydney time.