Consumers have continued to spend despite modest wage growth.
The RBA holds interest rate steady for 24th consecutive month.
Victoria unseats New South Wales as country’s top performing economy.
Monthly spending trend falls, though investor confidence remains high.
Retail relief on the way, economists say.
Consumer confidence recovers from two weeks of falls.
Unfortunately for the RBA, the health of the economy is not measured on the geologic time scale.
Unemployment rate rises as more Aussies look for work.
Current corporate earnings season shaping up to be a good one after no nasty surprises.
Australian retail businesses cannot continue to do what they are doing, the same way they are doing it.