By all reports retailers (both traditional store and online) have done very during the Christmas and now Boxing Day sales period.
Can we interpret this as consumer confidence rising on record low interest rates and a strong pick up in some property markets recently, and perhaps signs of an improvement in the stock market in the week leading into Christmas?
Of course there are negatives with terms of trade not looking good, government debt rising and unemployment creeping up.
I am staying positive leading into 2014. The election is behind us and within 6 months the current government should be able to implement reforms that should boost confidence removing some taxes and hopefully stream lining red and green tape and encouraging investment into the country.
