The ABS Retail Trade data surging by 1.2% in September (in part due to iPhone 6 sales) was an encouraging release and will likely see consumption making a...

The ABS Retail Trade data surging by 1.2% in September (in part due to iPhone 6 sales) was an encouraging release and will likely see consumption making a positive contribution to the Q3 National Accounts. However, the economy is leaning heavily on a handful of sectors and regions, and meanwhile mining town property market woes are escalating, with resources property markets getting drubbed almost across the board. We also take a look at why interest rates are still deemed as likely to fall as not, as soft data lingers elsewhere. (VIEW LINK)