1 anz industry brief march quarter 2002 economic outlook 6 august 2003 retail trade resilient 0 2 4 8 10 12 14 2001 change from year earlier source abs nominal sales excludes cars & petrol turnover for the first six months of this was 88 3 bn in terms 5 higher than same period were supported by post war rebound consumer confidence fall prices and australians opting to stay at home instead travelling abroad amidst security fears concerns over outbreak severe acute respiratory syndrome sars although not expected record 7 growth achieved previous two years is expand a healthy pace accommodative macroeconomic policies lifts 80 85 90 95 100 105 110 115 120 1999 2000 15 20 index sources economics westpac melbourne institute annual ch sentiment lhs personal borrowing ex housing rhs interest rate environment remains conducive spending cash currently
