The July 2018 Monthly Economic Indicators report is now available on the Treasury website: http://bit.ly/2AKCoLt

Summary:

• Mixed messages for growth as labour income continued to grow strongly but retail card spending weakened
• Risks to our growth forecasts are rising as the housing market cools, business confidence weakens, and international trade tensions rise
• Inflation remained subdued, but pressures appear to be gradually increasing
• Strong growth in the US, offset by a weaker outlook for the rest of the world

ends