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AUSTRALIAN CONSUMERS LOOSENING THE PURSE STRINGS: ECONOMISTS.
Publication: AsiaPulse News Publication Date: 31-MAR-06 |
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COPYRIGHT 2006 Asia Pulse Pty Ltd
SYDNEY, March 31 Asia Pulse - Australians appear to be loosening the purse strings, as lower petrol prices and a healthy labour market give consumer optimism a solid boost.
The stable interest rate environment is also helping confidence, with official data today showing the nation's retail sector is on the road to recovery after a soft 2005, economists said.
An Australian Bureau of Statistics (ABS) report showed retail trade...
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