00:00This bridge building factory is running hot.
00:06The company is expanding overseas as government orders slow down.
00:11Early next year we're seeing a lull that we're looking to fill of course,
00:15but through the back half of this year we're okay.
00:18And that's showing up in official figures,
00:20with government investment diving 3.9 per cent in the June quarter
00:24as infrastructure projects were completed or delayed.
00:28Australia's economy grew more than expected in the three months
00:31at 0.6 per cent and 1.8 per cent for the year.
00:35It was boosted by household spending on Easter holidays
00:38and end of financial year sales,
00:40which meant Australians saved less of their money,
00:43driving down the household savings ratio.
00:46Government spending also rose, mainly on Medicare
00:49and the pharmaceutical benefits scheme.
00:52It's a very welcome and substantial pick up in growth in our economy.
00:57Some of these areas of consumer spending were discretionary,
01:01but I do think that a lot of these are more one-offs
01:04and we're likely to see a softer pace of growth for the consumer
01:07in the next quarter.
01:09Mark Robson has seen his spending increase from last year,
01:13mostly on groceries and other necessary expenses.
01:16I set aside some money to pay for the petrol and the food and groceries
01:21and it just always seems to run out before payday comes around again.
01:25With economic growth higher than the Reserve Bank's expectations
01:28and inflation back in the target range,
01:31most economists say a September rate cut is unlikely.
01:34However, financial markets continue to expect another cut in November.
01:39So that's one of the things that they take to say
01:40that they can address and are very much more than one of the rewards
01:41and be able to pay for the opportunity and be able
01:42to answer that a lot of comments.
01:43And that's the question is,
01:44that's the question about whether theInterviewer
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