Description
It’s been a big week for the economy.
On Monday, NSW lifted restrictions, and National Australia Bank estimates around $100-million was spent in retail outlets on one day alone - almost double the previous week.
Then on Tuesday NAB released its business confidence survey, showing confidence has rebounded in some of the hardest-hit sectors.
Wednesday saw the Federal Treasurer estimating the economy had contracted by about 3% in the September quarter.
And then yesterday the labour force data for September was released, with the jobless rate up slightly to 4.6 per cent - although employment fell by 138,000 for the month.
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This is the Fear and Greed Afternoon Report - everything you need to know about what happened in the markets, economy and world of business today, in just a few minutes.
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Friday 19 April 2024
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