ANZ Chief Economist, Warren Hogan, writes, “The strength in retail sales over January-February is surprising in light of continuing lacklustre consumer confidence. One key driver of the softness in consumer confidence has been weak job security. On this note, the March ANZ job ads report points to more of the same with the first monthly fall in job ads in ten months. A key question for the outlook therefore is the extent to which a soft labour market will offset the ‘feel good’ factor from higher asset prices. In our view, these conflicting forces suggest the road for confidence and retail over the next year may be bumpy.” Read the full article here.