New retail spending figures may show whether consumers are finally opening their wallets and providing a much needed prop to economic growth.
Economists doubt it.
The national accounts released on Wednesday showed economic growth was just 0.4 per cent in the September quarter, slipping from an upwardly revised pace of 0.6 per cent in the previous three months.
The revision helped the annual growth rate tick up to 1.7 per cent from a previously reported 1.4 per cent as of June - a decade low.
"Economic activity has been languishing since the middle of last year and the 'gentle turning point' the Reserve Bank has been expecting for growth does not seem to have materialised yet," St George Economics chief economist Besa Deda said.
Household consumption remained subdued in the September quarter, despite three interest rate cuts and billions of dollars worth of personal income tax reductions.
Economists doubt Thursday's retail spending data will show much improvement.
Retail trade is forecast to have risen by 0.3 per cent in October compared to the modest 0.2 per cent increase in September that finished off a limp quarter of spending with consumers seemingly more intent on saving and paying down debt.
"Of course, we would like to see consumption to be higher, there is no doubt about that, but obviously people are getting more money in their pocket through the tax cuts," Treasurer Josh Frydenberg told reporters when presenting the national accounts on Wednesday.
Exports were a major contribution to economic growth in the September quarter.
However, monthly international trade figures also on Thursday are expected to see the trade surplus narrow to $6.5 billion in October from $7.2 billion in September, according to economists.
Westpac predicts exports will decline by almost three per cent as a result of a fall in iron ore prices and volumes, and a decline in gold prices.