Woot.. I hope LOOOOOOTS of Americans come down under
Prefer Americans than Whinging Poms (English)
After a slow start to the year, Australia’s economy is starting to look alright.
Business confidence is high, boosted by operating conditions not seen since before the global financial crisis, and the labour market also appears to be strengthening, recording some stonking employment gains over the past three months.
And now, fresh from learning Australian new car sales hit a record high in May, signs are now emerging that household spending — the largest part of the Australian economy by some margin — is also starting to strengthen, at least according to data released by the Commonwealth Bank earlier today.
The bank’s Business Sales Indicator (BSI), a measure of spending on both goods and services within the Australian economy, jumped in May, registering a healthy increase of 0.8% in trend terms.
And that followed upward revisions to the prior two months data, suggesting that spending was far stronger than what was originally reported.
BEACH PARTY with lottsa HOT AUSSIE ladies