Inflation Day
NAB Morning Call
00:00
Is That a Good Thing or a Bad Thing?
Job numbers declined in july, the second month in a row. Does it mean thingsa evening out, getting a less tight labor market? Or does it mean people ta ar aren't applying for those jobs or companies are giving up employing people? Retail card spending in new zealand fell nort point two % in july. We know that things are starting to slow down there. But look at the uk. retail sales monitor. This is bounced back up a two point three % month on month in July. It's ten point six % higher than in july two thousand and 19 before the pandemic. So they are spending like crazy. Now, obviously, as i say,
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