There was continuing strength in mining, equipment manufacturing, nonresidential construction and utilities, ... Against that, residential construction, parts of agriculture and both wholesale and retail report poor and falling business conditions.

Alan Oster

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Oil-sensitive sectors continue to weaken, led down by retailing, wholesaling and transport,

The story is one of continuing boom conditions in mining and very strong nonresidential construction activity. The Reserve Bank is still very much on hold, watching both the inflation outlook and domestic demand.

The story is one of continuing boom conditions in mining and very strong nonresidential construction activity, ... The Reserve Bank is still very much on hold, watching both the inflation outlook and domestic demand.

There was continuing strength in mining, equipment manufacturing, nonresidential construction and utilities. Against that, residential construction, parts of agriculture and both wholesale and retail report poor and falling business conditions.

This says to me that interest rates are firmly on hold. This economy is slowing down and there may be a bit more weakness to come.