Wesfarmers to remain ‘cautious’ around economic outlook’s effect on households

Wesfarmers are going to remain “cautious” around the economic outlook’s effect on households, according to Wesfarmers Chief Executive Rob Scott.

“What we’re seeing across our businesses is some of the international factors that were impacting cost and inflation, international supply chain, transport costs and so forth, those pressures are normalising,” he told Sky News Business Editor Ross Greenwood.

“We’re actually seeing some raw material prices come down for a lot of our products.”