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www.antipodeanmacro.com
1. Deflation in China’s consumer durables export prices should keep downward pressure on many types of goods prices globally
2. The volume of discretionary goods consumption in Australia remains above the pre-COVID trend. Discretionary services is a bit below the pre-COVID trend…
3. …but there is a wide dispersion across types of discretionary services spending
4. The out-performance of (real) retail trade in the US
5. The share of retail sales made online in Australia remains significantly lower than in the US
6. Nearly one-sixth of non-food retailing (by value) is now conducted online in Australia
