“At the moment, rising fuel prices are placing a cap on spending.”
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“Its encouraging to see an upgrade in the outlook and business investment will be supportive of economic growth.”
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“It looks like the economy picked up in the second quarter. The leap higher in commodity prices is helping underpin profits and driving export earnings and investment.”
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“Its significant for the outlook for the economy if housing approvals turn the corner. In the second half of the year, housing will switch from being a drag on the economy to a positive.”
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“The weakness in the household sector of the economy has helped to contain core inflation despite rising energy and upstream prices. I think while that situation persists, interest rates will certainly be on hold.”
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“The scramble by resource companies to boost capacity to meet world demand and take advantage of record commodity prices is clearly providing a major impetus to State growth.”
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“This suggests that approvals are bouncing along the bottom, with virtually no change over the last five months.”
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“We suspect that will be the only move this year.”
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“I guess the big surprise is that inflation isnt higher, given the environment that were in.”
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