Rodrigo Catril

speaker

7,882 appearances 78 recordings 1 series first heard Sep 2024 last heard 3 Sep

Rodrigo Catril’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 35 in all, peaking in Jul 2026 with 5.

Appearances

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NAB Morning Call · Just a nod from Donald · 28 May 2026 podcast

quite right. voice-verified

So the the Capex number is super punchy. voice-verified

Um and and and when you look at the details as you say it's it was all kind of largely coming from machinery, plant and equipment. voice-verified

Which is basically another way of saying uh data centers. voice-verified

Uh interestingly those numbers, um uh when you look at the state level is primarily in New South Wales and Victoria. voice-verified

Um but it's also important to highlight that um other other readings uh were flat or softer in in the quarter. voice-verified

So mining was unchanged, new investments both in utilities and transport voice-verified

uh were low lower, negative, and even postal and warehousing was negative. voice-verified

So so it's a mixed picture there, but certainly um as we've seen in other parts of the world, um you know the m the um the data center component is is strong and and and contributing to that CAPEX and and in Australia it's very much s concentrated in New South Wales and Victoria. voice-verified

Now as for the household spending, um yep, the number or the headline was pretty pretty pretty soft, negative one point one in the month and the market was looking f and and now we're looking for a decline of point five. voice-verified

Um but it's important to remember that we had a a very strong March reading. voice-verified

Um and uh in a sense we we were all expecting a bit of a payback uh this month. voice-verified

Um so transport was the main drag. voice-verified

Uh voice-verified

Um and then this decline over s we think is overstated by the slowdown in underlying demand. voice-verified

Uh in particular there was also a lot of refunds uh driven driving the weakness in the month. voice-verified

So um when we look through sort of this noise that we were expecting, particularly in terms of food and transport, um the underlying trend in terms of consumer spending still remains quite quite quite good. voice-verified

Not not soft but good. voice-verified

Um and and hence once we look through the noise of of these two months with we we think the consumer spending is still pretty voice-verified

Pretty pretty pretty solid. voice-verified

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