1 Attachment(s) The current downturn in retail spending shouldn't be too much of a shock, with wages growing at a snail's speed and weighing on consumer confidence.

Economists anticipate new figures will present sluggish wage growth continued in the first 3 months of the year.

The March quarter wage Andre1 index - the Reserve Bank and Treasury's favored measure of wages growth - is due for launch on Wednesday.

Economists anticipate wages grew in a subdued 0.5 percent in the March quarter, maintaining the yearly rate at its lowest level for at least twenty years at 1.9 percent and below the inflation rate of 2.1 percent.

The minutes in the Reserve Bank's May 2 board meeting, launched on Tuesday, stated even though it appeared unlikely wage growth would slow significantly more, wage pressures were predicted to to increase only gradually.

The monthly Westpac-Melbourne Institute consumer sentiment survey is also introduced on Wednesday.

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