NAB Chief Economist said, “Demand remains very strong, with improving terms of trade suggesting that employment has also remained strong, reflecting labor market strength. Strength” Alan Oster.
“Overall, surveys suggest the economy remains resilient. We continue to expect slower consumption growth as rising interest rates further impact households, but this The speed and magnitude of the situation remain uncertain.”
Markets still favor a pause in rate hikes in June, although they have already priced in a slim chance of another rate hike in August.
The sales metric for the survey dropped 4 percentage points and is still very high + In April, the employment index rebounded by 1 points to +