Slowing Consumer Demand may 'Impact' Traders

A New South Wales north coast economist says despite positive data, north coast businesses are still struggling.

The latest business forecast from Access Economics suggests the state’s economy is on a slow recovery thanks to growth in the housing and job markets.

But Professor Ian Eddy from Southern Cross University says as interest rates continue to rise, local consumer spending will be down.

“Well the north coast is also recovering as the economic situation improves but there is still a lot of uncertainties on the horizon and this is slowing down consumer demand and that will have an impact on north coast businesses, there has been a fall in consumer spending lately,” he said.

4 May 10

• 560 jobs to go at Westpac
• Pacific Highway Open but More Rain to Come
• $2m Grafton Airport Upgrade Critical
• Gas Firm Proposes Underground Salt Solution
• Nationals Hold Clarence
• Clarence Swing to ALP Forecasted for the By-election
• Call for More Casino Police
• Clarence Candidates Quizzed on Power Privatisation
• Nationals Release Coal-Seam Gas Blueprint
• North Coast Housing Industry Takes a Hit
• North Coast Jobless Rate Falls
• North Coast Jobless Rate Falls
• Ex-mayor wins Nationals' Preselection for Clarence
• NORBEC Helps Local Businesses
• North Coast Gas Firm Hints at Future Fracking
• North Coast Gas Firm Hints at Future Fracking
• Ballina Horse Dies from Hendra
• Push to Return Splendour to Northern Rivers
• More Police More Effectve on Speed
• Council Accused of Delaying Centre Expansion
• Lismore LEP Under Discussion
• Supermarket Vandalised Before Opening
• Ballina Bypass Opens
• Flood Risk Forum Meets
• Cost of Hospital Facelift Unknown
• Council Clamps Down on Illegal Campers
• Repairs to Lighthouse Road to Start
• Lismore Cafe in Wages Dispute
• Lyn Parche Appointed to Tourism NSW
• Cyclone May Open Banana Imports

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