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Hopes were high for a buoyant holiday period to reinvigorate the retail sector and drive increased consumer spending. However initial reports show a reasonable holiday period, at best, for the retail sector without any major excitement.

The expected boom Nike Air Visi Pro Iv Basketball Shoes Womens in Nike Basketball Shoes Black And Red

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investment.

A 22 per cent increase in housing approvals is a definite plus and indicates that confidence is rising in this sector, which may be a precursor to greater consumer confidence across the board.

vans, buses, trucks and other work vehicles.

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´╗┐Business keeps hand close to the till

Unfortunately, the ongoing retail malaise seems to be having an impact on other sectors of our economy. Businesses across the board are reporting "steady as she goes" results without any major highlights.

confidence and spending following last year's federal election doesn't seem to have eventuated. Government spending has been curtailed and major projects put on hold prior to the election are yet to come to fruition.

It has been interesting to note that our retailers have reported far greater activity in the post Christmas sales as opposed to the pre Christmas period. This tells us that consumers are certainly spending to a budget, and are getting very savvy at maximising their spend. Ignore this at your peril, retailers you need to re position ASAP.

Many companies are reviewing their fixed overhead costs and examining supplier agreements to ensure that wastage is eliminated and they are receiving the best deals possible. While this approach won't contribute enormously over the long term, it is certainly assisting in ensuring viability in the currently underperforming economy.

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Soft markets and ever increasing overheads are starting to bite and our members are looking closely at their cost structures. With prices predicted to remain at current levels during 2014, managers are looking closely at all aspects of the profit and loss statement and its obvious that there is some "belt tightening'' ahead.

Renewed confidence in the housing sector indicators suggest that further interest rate cuts are highly unlikely and the general feeling among members is that we may even see interest rates rising slightly later in the year. It may be time to lock in those loans and mortgages to the fixed rate in the near future.

Unfortunately, it appears unlikely that these increases are sufficient to save our local car manufacturing sector.

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The flow on effects from greater building activities are huge, with many industries benefiting from greater demand. There are even suggestions that the housing market recovery is taking the economic baton from mining Nike Basketball Shoes Online Store

However, it's not all gloom and doom.

It is also pleasing to see an increase of 1.7 per cent for new car sales for December. Once again this seems to be riding off the back of the housing recovery, with the majority of this increase coming from a jump in sales in the "other vehicles" category utilities, Nike Foamposite Boots On Feet

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