Household consumption continues to be a key contributor to overall growth, propelled by
a relatively tight labour market and rising house prices, which are up by around 15 per cent over the past year.
Household spending continues to grow solidly, supported by
a relatively tight labour market, with the unemployment rate remaining at historically low levels.
Not exact matches
The economy is operating at a high level of capacity utilisation, the
labour market is
relatively tight, and there have been some large increases in raw materials costs.
This is consistent with a recent increase in the ACCI - Westpac survey measure, and suggests that
labour market conditions remain
relatively tight.
This is consistent with other indicators pointing to
relatively tight conditions in the
labour market (as discussed in the chapter on «Domestic Economic Conditions»).