Quotations
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Michael Blythe Quotes
«There were new building regulations there that took effect from July 1 which are going to bump up the cost of new houses. It looks like there was a last minute rush to beat that which pumped up previous months and created this pothole for us to fall into in July.»
Author: Michael Blythe
«A difficult retail environment resulted in significant discounting, so lower prices for clothing, household appliances, tools and computing equipment are possible. A low CPI number obviously increases the odds on the Reserve Bank continuing to sit on the sidelines.»
Author: Michael Blythe
«Whether or not this consumer caution becomes a persistent theme in 2006 will depend to a large extent on labor market trends.»
Author: Michael Blythe
«Some of the risks coming through in the labor market in Australia are still very tight and, ultimately, you would expect that to push up wages and then flow through to inflation.»
Author: Michael Blythe
«This is confirming that the Australian economy stepped down several gears in the second half of last year.»
Author: Michael Blythe
«It's confirmation the economy stepped down several gears in the second half of 2005. It is hard to be too pessimistic for the outlook for 2006, but it is one of those indicators that says there is no hurry to do anything on rates.»
Author: Michael Blythe
«Clearly, exports are the disappointment. Signs that at long last the exports story was coming through, has pretty much disappeared with this release.»
Author: Michael Blythe
«Business borrowing had another strong month, pointing to ongoing investment growth. Investment again looks set to support economic growth this quarter.»
Author: Michael Blythe
«Building approvals have been volatile, but with this bounce, and other data like housing credit, it does look like the housing sector is near bottom after a very mild downturn.»
Author: Michael Blythe
«Consumer caution was shaping up as the major domestic risk to the Australian economic outlook in 2006. Good labor market outcomes were always going to be the best antidote to this caution.»
Author: Michael Blythe