The Monthly Economic Indicators report for July 2019 is now available on the Treasury website.

Key points:

- Weak domestic business confidence and global concerns weigh on GDP growth prospects

- Household confidence remains resilient, supporting consumption outlook

- Fuel, food and rent drive consumer price inflation

- Ongoing trade uncertainty weighed on global business activity in the June quarter

- Global consumer spending holds up, supported by rising wages and solid labour markets

ENDS