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Showing 111 - 120 of 575 results for "consumer spending"

Chief economist update: Inflation genie still inside the box

BENJAMIN ONG  |  THURSDAY, 26 JUL 2018
... if you will. Sluggish wage growth (no growth in real wages) would put further pressure on already lacklustre consumer spending - retail sales growth slowed to 2.5% in the year to May from 2.7% in April and 3.1% in March - that leads to lower inflation ...

Chief economist update: What goes around is starting to get around

BENJAMIN ONG  |  THURSDAY, 19 JUL 2018
... in June less headline CPI inflation of 2.9% (workers buy food and petrol), auguring a negative indication for consumer spending. On the flipside, while the strong US dollar is keeping inflation largely contained, it would also make US exports become ...

Chief economist update: Weak wages a puzzle, could become a problem

BENJAMIN ONG  |  FRIDAY, 13 JUL 2018
... indicates that real wages - nominal wages less inflation - are being eroded which, by extension, would slow consumer spending. Nominal wages growth of 2.7% in the year to June translates to negative 0.2% in real terms (from negative 0.1% in May) when ...

Chief economist update: US inflation hits target

BENJAMIN ONG  |  MONDAY, 2 JUL 2018
... has already lifted twice). Then again, the Income and Outlays report also showed that the Fed got it wrong on consumer spending - that it was "picking up" - personal spending increased by a mere 0.2% in the month of May (the weakest since February's ...

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

BENJAMIN ONG  |  TUESDAY, 29 MAY 2018
... unchanged similar growth rates in the December 2017 and September 2017 quarters - which, in turn, should buoy consumer spending. The promised reduction in taxes announced in the Budget has already changed sentiment significantly as evidenced by the Fairfax/Ipsos ...

Chief economist update: All Ords rising

BENJAMIN ONG  |  TUESDAY, 15 MAY 2018
... Budget since 2006." Those who feel they'll be worse off dropped from 50% to 25%. The expected increase in consumer spending as a consequence of this should further strengthen equity market gains which in turn, would produce a wealth effect, underpinning ...

Chief economist update: New RBNZ Governor maintains old policy

BENJAMIN ONG  |  MONDAY, 14 MAY 2018
... down to 2.9% in the year to the December 2017 quarter - the slowest since the third quarter of 2014. So far consumer spending seems to be holding up - retail sales up by 5.4% in the year to the December 2017 quarter from 4.6% in the previous quarter ...

Chief economist update: We're headed for surplus (if assumptions hold)

BENJAMIN ONG  |  WEDNESDAY, 9 MAY 2018
... following year and 3.25% the next. Whether or not this happens will have an impact - negative or positive - on consumer spending, that'll flow through into company sales and profits and then investment...overall economic growth and through to government ...

Chief economist update: Budget surplus can wait

BENJAMIN ONG  |  TUESDAY, 8 MAY 2018
... of course, is that the Australian government's generosity would generate a stronger labour market, stronger consumer spending and business investment that would further raise government revenues and voila, we have ourselves a budget surplus. But before ...

Moving on up to target

BENJAMIN ONG  |  TUESDAY, 1 MAY 2018
... there'll certainly be a lively debate regarding inflation. The US economic momentum, tight labour market, buoyant consumer spending, tax cuts, tax on imports (steel and aluminium) and the recent surge in oil prices all point to higher inflation over ...