Oct 18

Month in Review

Australian retail sales advanced 0.4% during August (source: ABS). Consumer confidence increased sharply in September rising 4.7% (source: Westpac). Business confidence was up significantly in September including confidence in mining sector (source: NAB).  Unemployment rate was up slightly during August and the participation rate decreased by 0.1% to 65.0%.
The Australian share market continued its run during September, advancing a further 2.19% although underperforming the majority of other developed markets.

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