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Showing 111 - 120 of 596 results for "consumer spending"

Chief economist update: RBA repeats history

BENJAMIN ONG  |  FRIDAY, 22 MAR 2019
... 11,900 rise in part-time jobs; full-time hiring declined by 7300 heads. The "permanent income hypothesis" that consumer spending is a function of workers' expectations of the permanency of their income. Full-timers expect more income permanence than ...

Chief economist update: The AUD's resilience

BENJAMIN ONG  |  TUESDAY, 19 MAR 2019
... well, given still below-RBA target inflation, would put upward pressure on inflation which, in turn, encourages consumer spending now lest prices continue increasing in the future. However, the Fed's pause, the ECB's targeted longer-term refinancing ...

Australia in effective recession: Academic

KANIKA SOOD  |  THURSDAY, 7 MAR 2019
... Australian Bureau of Statistics posted a 0.2% growth in gross domestic product for the three months to December 2018. Consumer spending grew at 0.4% in the quarter. GDP per capita shrunk in both Q3 and Q4. UNSW Business School's Richard Holden labelled ...

Chief economist update: Cash rate should be 1%

BENJAMIN ONG  |  THURSDAY, 7 MAR 2019
... doesn't seem perturbed. Lowe told his audience at the AFR Business Summit yesterday that "the "wealth effect" on consumer spending from falling house prices will be limited to cars and furniture" that is "unlikely to derail our economic expansion..." ...

Chief economist update: Where sentiment goes, there too is spending

BENJAMIN ONG  |  MONDAY, 18 FEB 2019
... consumer sentiment have flat-lined over at least the past two years. Where consumer sentiment goes, there follow consumer spending. But maybe not, because the University of Michigan's survey also found that consumers' expected real income have ...

Chief economist update: The Fed pause that refreshes

BENJAMIN ONG  |  THURSDAY, 31 JAN 2019
... Russell 2000's up 1.1%. Optimism is back! This is sure to reverberate around the globe, triggering rebounds in consumer spending, business investment, jobs and overall economic growth, lifting inflation. My point, the current slim probability (7.1%) ...

Chief economist update: Good jobs bad jobs

BENJAMIN ONG  |  FRIDAY, 25 JAN 2019
... by 3000 that followed a 7300 subtraction in the previous month. This does nothing to improve the outlook for consumer spending for as dictated by the "permanent income hypothesis", consumption and spending are a function of workers' expectations ...

Chief economist update: Don't buy now, Australian property will be cheaper

BENJAMIN ONG  |  WEDNESDAY, 23 JAN 2019
... straight from the horse's mouth after all. At the time, my guess was premised on the persistent weakness in consumer spending - due to lacklustre wages growth and high household debt levels - and the deterioration in international trade, driven by ...

Chief economist update: Australian property market slump

BENJAMIN ONG  |  FRIDAY, 18 JAN 2019
... to optimism and by extension, the negative wealth from falling housing prices that ensues, triggering reduced consumer spending, lower company profits, a decline in business investment - plant, equipment and structures and staffing - as well as obtaining ...

Chief economist update: Crude oil to the rescue

BENJAMIN ONG  |  THURSDAY, 17 JAN 2019
... facto tax cuts or interest rate reductions in that they raise household disposable income that, in turn, lifts consumer spending and by extension, economic growth. Lower oil prices also reduce business input costs, increasing margins, lifting profits ...