It may be growing, but how much of that growth was because of the floods in feb/mar
if you strip out this one off demand, it would not be near 11% IMO
Confidence is also low and will be lower with the hike in interest rates and petrol prices
We are just about to see the higher prices with lower AUD, huge container costs and shipping price rises
Supply issues which are really starting to bite deeper for australian manufactures, I know this is a world
wide problem and will not be fixed anytime soon
I dont think the consumer here is as strong as you think, I have been into the good guys here twice
lately and both times there were a lot more staff in the store than customers
I am not normally a shorter, but have been looking at shorting this because of what I see happening
in the economy, luckily I was not at work this morning so I managed to see the Update and get a short
on at open...I think we could see mid $40 this month, but who knows....winter is coming
cheers grant
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