The economy appears on track to post a solid quarter of growth but a rate hike is no closer unless the outlook for consumption lifts.
Third quarter company profits and inventories released on Monday are consistent with consensus forecasts for gross domestic product growth of 0.7 per cent for the September quarter and 3 per cent year-on-year.
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Vesna Poljak is the Companies editor. She was previously the Markets editor with a special interest in the investment industry, hedge funds and accounting. She is based in the Sydney newsroom. Connect with Vesna on Twitter. Email Vesna at vpoljak@afr.com
Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
