It's no wonder consumers are generally gloomy. In addition to wages growth being mired in the doldrums, last week we saw confirmation that employment levels have stalled and the unemployment rate has risen to a decade high.
Never mind, say the RBA, which is steadfastly holding Australian interest rates at levels well above those of the rest of the industrialised world, hoping that growth will be sustained from somewhere else.
Things will be better in 2016, the RBA exclaims and well they might. In the mean time, it looks like a tough year ahead for the economy with sluggishness in consumer demand an important handbrake on fresh activity.