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

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

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Paul Bloxham: HSBC chief economist on Australia's retail sales rebounding after winter downturn

The Duke of Sussex has returned to the UK to make a brief public appearance at a central London charity event.

Prince Harry attended WellChild's annual awards ceremony at a London hotel to pay tribute to the young people recognised at the event.

UK correspondent Enda Brady says it's unlikely Harry will be able to meet up with the royals - and will probably depart for California before a reunion can take place. 

LISTEN ABOVE

The Duke of Sussex has returned to the UK to make a brief public appearance at a central London charity event.
Prince Harry attended WellChild's&nbsp;annual awards ceremony at a London hotel to pay tribute to the young people recognised at the event.
UK correspondent Enda Brady says it's unlikely Harry will be able to meet up with the royals - and will probably depart for California before a reunion can take place.&nbsp;
LISTEN ABOVE

Enda Brady: UK correspondent on Prince Harry making a public appearance in the UK

Construction continues to slow, although consents for office and public transport buildings have risen 26 percent.

Stats NZ says new home consents dropped 20 percent in the year to August - and standalone new builds fell 9.7 percent.

Consents for townhouses, apartments, retirement village units, and flats are down 27 percent.

Infometrics Principal Economist Brad Olsen unpacks the factors behind the decline.

LISTEN ABOVE

Construction continues to slow, although consents for office and public transport buildings have risen 26 percent.
Stats NZ says new home consents dropped 20 percent in the year to August - and standalone new builds fell 9.7 percent.
Consents for townhouses, apartments, retirement village units, and flats are down 27 percent.
Infometrics Principal Economist Brad Olsen unpacks the factors behind the decline.
LISTEN ABOVE

Brad Olsen: Infometrics Principal Economist on the declining demand for construction

Another Global Dairy Trade auction is expected to take place tonight - and experts are predicting more good news this time round.

There was a substantial life off the back of the previous auction - with a 0.8 percent increase across the board.

The Country's Jamie Mackay outlined his predictions ahead of tonight's results.

LISTEN ABOVE

Another Global Dairy Trade auction is expected to take place tonight - and experts are predicting more good news this time round.
There was a substantial life off the back of the previous auction - with a 0.8 percent increase across the board.
The Country's Jamie Mackay outlined his predictions ahead of tonight's results.
LISTEN ABOVE

Paul Bloxham: HSBC chief economist on Australia's retail sales rebounding after winter downturn

In 1 playlist(s)

Heather du Plessis-Allan Drive

Social links

Follow podcast

Recent clips