Surveys boom
What a pleasant change to see policy settings driving the economy forth!
Roy Morgan reported consumer confidence jumping 5.9 per cent to 114.1 yesterday, as Brisbane's lockdown unsurprisingly proved to be a nothing burger.
Meanwhile the NAB survey - the most timely indicator of conditions that we have - boomed to record highs.
Everything is looking tremendously strong on this survey (and take a look at the changes in net balances since January!).
Business conditions are now the best we have ever seen (in at least 25 years), and even better than the resources boom years.
And business confidence isn't far behind.
The ABS payrolls figures suggested a relative stalling in employment growth for the most recent fortnightly data, while wages decreased 0.4 per cent, so there is clearly no room for complacency.
Overall, though, very promising for the Aussie economy.
