01/03/2024 - Inflation - Harvey Norman - Business Outlook

Devon Head of Retail Greg Smith speaks to ZB’s Mike Hosking about the latest US inflation numbers with the Fed’s preferred inflation gauge coming in at the highest level in a year. He also discusses the retail sector in Australia, with retail sales rebounding last month and Harvey Norman upbeat about the outlook despite a slide in first-half sales. Back home he considers whether the glass is getting any “fuller” following the latest ANZ Business Outlook update. For more market insights and our terms and conditions, visit www.devonfunds.co.nz