Growth has been underpinned by a number of factors, including a high level of consumer confidence, a decline in the unemployment rate,
favourable financial conditions and increases in wealth, fostered by rising housing prices.
Buoyant demand in this market stems from the high level of vehicle affordability — in part a consequence of the appreciation of the Australian dollar — and generally
favourable financial conditions.
Rises in corporate investments are supported by
favourable financial conditions and corporate profits.
The upswing in business investment is being stimulated by high commodity prices and
favourable financial conditions.
Not exact matches
In particular, despite falling from the peak reached in the December quarter, capacity utilisation is still at a high level and
financial conditions remain
favourable.
The lower exchange rate,
favourable domestic
financial conditions and the boost to household incomes from income tax cuts and increases in social benefit payments should continue to support growth in the period ahead.
Yet it's easy to overlook the fact that
financial market
conditions in October 1987 were more
favourable than they are today.
More broadly,
financial conditions in the business sector are relatively
favourable.
For businesses,
financial conditions also continue to be quite
favourable.
ECB President Mario Draghi said the new plan could and would be reversed if required: «If, in the meantime, the outlook becomes less
favourable or if
financial conditions become inconsistent with further progress towards a sustained adjustment of the path of inflation, the Governing Council intends to increase the programme in terms of size and / or duration.»