Westpac Economic Update: 3 October 2014

Westpac Economist Elliot Clarke comments on this week’s retail sales that did not meet expectations and dwelling approvals highlighting strong investor activity. Overseas, we had the ECB meeting and their initiatives to stimulate growth. Plus, looking ahead to next week’s RBA meeting on any comments in the exchange rate decline and concerns over the housing market; as well as housing finance data and the labour force survey.

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.