Retail figures out Thursday are expected to show that the recovery in consumer spending has continued, albeit at a modest rate.
Retail sales are forecast to have risen 0.3 per cent in April, after lifting 0.3 per cent in March.
“We look for some further incremental growth, if at a quite modest rate,” National Australia Bank economists said.
“In April, employment was virtually steady, consumer sentiment was a little tentative in the lead up to the budget, and there was little change in retail industry business conditions.”
AAP