Michael Blythe Last Quotations

This is confirming that the Australian economy stepped down several gears in the second half of last year.

There were new building regulations there that took effect from July 1 which are going to bump up the cost of new houses. It looks like there was a last minute rush to beat that which pumped up previous months and created this pothole for us to fall into in July,

Clearly, exports are the disappointment. Signs that at long last the exports story was coming through, has pretty much disappeared with this release.