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Showing 31 - 40 of 215 results for "business conditions"

Westpac profits down 24%, dividend flat

KANIKA SOOD  |  MONDAY, 6 MAY 2019
... fell across four of the group's five business divisions. "This is a disappointing result reflecting weaker business conditions and the bank dealing decisively with outstanding issues, including remediation and resetting out wealth strategy," Westpac ...

Chief economist update: No credit to the RBA

BENJAMIN ONG  |  MONDAY, 1 APR 2019
... business credit is inconsistent with the most recent NAB business survey that showed sharp decline in both business conditions and business confidence over the same month. Housing credit slowed to a year-on-year rate of 4.2% in February from 4.4% in ...

Chief economist update: Time for an RBA shift to neutral

BENJAMIN ONG  |  MONDAY, 4 FEB 2019
... year to the September quarter to 2.8% in the December quarter). Indications from more recent activity data - business conditions and confidence, consumer confidence and spending, the AiG performance of construction index, among others - are equally foreboding. ...

Chief economist update: Anatomy of an RBA rate cut

BENJAMIN ONG  |  WEDNESDAY, 30 JAN 2019
... reading of +3 in December 2018, it had been below its long-run average (+6) over the past three months. Worse, business conditions dropped big time to +2, nine points lower than the previous month's reading of +11 that, according to NAB is "largest ...

Chief economist update: RBA more likely to cut

BENJAMIN ONG  |  MONDAY, 3 DEC 2018
... dollar would further damp inflation pressures going forward. In its November statement, the RBA printed that: "Business conditions are positive and non-mining business investment is expected to increase." The latest capex spending plans proved the RBA's ...

Chief economist update: The angel in the capex details

BENJAMIN ONG  |  FRIDAY, 30 NOV 2018
... consumer spending. The rise in capex expectations could be linked to the NAB business survey that although business conditions eased in October, the reading of 12 remains more than twice its long-run average of five, that NAB chief economist Alan Oster ...

Chief economist update: Confidence down, conditions up

BENJAMIN ONG  |  WEDNESDAY, 12 SEP 2018
... should rebound in the coming months now that the leadership crisis has passed. More so, given buoyant local business conditions despite the uncertainties emanating from global economies and markets. Australian business conditions increased to a reading ...

Chief economist update: Small business is big business

BENJAMIN ONG  |  WEDNESDAY, 15 AUG 2018
... strong month of reported sales gains after years of low or negative numbers. A net 35% of owners expect better business conditions, ticking up two points from June." It's not surprising then that small business owners are reporting record confidence ...

Chief economist update: Should have sold in May and gone away

BENJAMIN ONG  |  TUESDAY, 29 MAY 2018
... business confidence rose by two points to a reading of +10 in April (above the long run average of +6) and business conditions increased by six points to +21 (versus the long run average of +5 and equalling the highest level since the survey started ...

Chief economist update: RBA certain to raise interest rates

BENJAMIN ONG  |  THURSDAY, 12 APR 2018
... employment." "The second theme is a pick-up in non-mining business investment." "The third theme is an improvement in business conditions, as reported in surveys." "The fourth theme has been slow growth in wages." While the RBA "expects a further pick-up ...