LEAP INTO SPRING

It was positive to see that the enquiry rate for the second half of August was by far improved on the first half of August.  This only encourages us to keep an increasing eye on the relationship between interest rate cuts and business sales enquiries, discussed in our previous post.

We also found interesting the fact that consumer confidence (Roy Morgan Research) had increased in the second part of August and had an upward trend which is further positive news and reasoning for the upswing in the second half of August.  Read Further:-

http://www.roymorgan.com/morganpoll/consumer-confidence/consumer-confidence

http://www.roymorgan.com/findings/6940-anz-roy-morgan-australian-consumer-confidence-august-30-2016-201608301138

As a result we are quite confident of a positive September as we lead into the holiday period in December.