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Showing 11 - 20 of 163 results for "Household spending"

Super balances drive household wealth growth

ELIZA BAVIN  |  THURSDAY, 19 DEC 2024
... income, driven by an increase in income received by households and the introduction of stage 3 tax cuts, outpaced household spending. The ABS said this resulted in notable growth in transferable deposit balances particularly in mortgage offset accounts. ...

Commonwealth Bank names chief economist

ELIZA BAVIN  |  THURSDAY, 5 DEC 2024
... extract key insights into the Australian economy on a regular and consistent basis. He developed the CommBank's Household Spending Insights (HSI) Index and oversaw the growth of the bank's sustainable economics research to support customers with insights ...

GDP grows but still slow: 'Confirms our worst fears'

ELIZA BAVIN  |  WEDNESDAY, 4 DEC 2024
... benefits to households was lower, including NDIS and Aged care, compared to recent quarters," Keenan said. Household spending was flat in the September quarter following a fall of 0.3% in June. The largest detractor from growth was electricity and gas ...

Australian economy 'fundamentally sound': CBA

ELIZA BAVIN  |  WEDNESDAY, 13 NOV 2024
... the end of June 2024, representing 0.63% of total committed exposures. This comes as CBA also released its Household Spending Insights (HSI) Index which showed an increase of 0.8% to 152.5 in October. The strength in spending on household goods was driven ...

Household spending drops in September: CBA

ELIZA BAVIN  |  TUESDAY, 15 OCT 2024
The Commonwealth Bank's (CBA) Household Spending Insights (HSI) index fell 0.7% month on month in September, in seasonally adjusted terms, following a gain in August of 1.6%. The fall in September was in line with expectations, CBA chief economist Stephen ...

Aussie economy grows 0.2% in June quarter

ELIZA BAVIN  |  WEDNESDAY, 4 SEP 2024
... private sector industries has essentially stalled, and business insolvencies have recently hit record highs." Household spending fell 0.2% detracting 0.1 percentage points from GDP growth. Meanwhile, total investment fell 0.1% in the June quarter. In ...

What does the RBNZ rate cut mean to Australia?

MATTHEW WAI  |  THURSDAY, 15 AUG 2024
... horizon, with many believing the US central bank will need to cut rates. In Australia, the monthly CommBank Household Spending Insights (HIS) Index, Commonwealth Bank (CBA) revealed household spending in July was flat (unchanged at 148.2), indicating ...

No one immune to cost-of-living pain: ABS

ELIZA BAVIN  |  WEDNESDAY, 7 AUG 2024
... households were the most impacted by rising mortgage payments, which formed a significant portion of their household spending. "Mortgage interest charges rose 2.6% in the June 2024 quarter driven by the continued rollover of some expired fixed rate mortgages ...

RBA's multi-channel approach curbs inflation

ANDREW MCKEAN  |  THURSDAY, 12 OCT 2023
... estimates suggest that the 4% hike in the cash rate target since May 2022 is projected to diminish overall household spending by approximately 0.4% - 0.8% annually, attributed primarily to the cash-flow channel. However, interest rate changes also affect ...

RBA holds cash rate at 4.1%

CASSANDRA BALDINI  |  WEDNESDAY, 6 SEP 2023
... decisions, the board will continue to pay close attention to developments in the global economy, trends in household spending, and the outlook for inflation and the labour market." The decision was no surprise to most economists who predicted the hold ...