{podcast} The headline results for the week ending 1 May 2021 continue to be encouraging, further underlining our view that the Australian economy is recovering well from the pandemic. The slowdown that we flagged earlier this year now looks to have stabilised – an encouraging sign for consumption despite low wage growth. Western Australian results took a hit from the snap lockdown but (as has been the case for other short lockdowns), look to be recovering rapidly. While the timing of Easter and end of month make seasonal adjustment difficult, this week’s data clearly provides further support to the idea that ... (full story)