Brian Redican Growth Quotations

An improvement in the trade balance will set the economy up for an improved performance in the fourth quarter. Mediocre consumer spending, the drag from net exports and declining housing construction have taken their toll on growth in the third quarter.

The current slowdown in consumer spending reflects factors such as slower employment growth, higher petrol prices, higher interest repayments and a slower housing market.

This is a very positive number and it augurs well for economic growth. It's a bright spot.