Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 11 - 20 of 596 results for "consumer spending"

Australian economy 'fundamentally sound': CBA

ELIZA BAVIN  |  WEDNESDAY, 13 NOV 2024
... softer than would have been expected by the RBA," he said. "We don't anticipate seeing a substantial increase in consumer spending until the RBA commences an interest rate easing cycle, which we now expect in February 2025."

Household spending drops in September: CBA

ELIZA BAVIN  |  TUESDAY, 15 OCT 2024
... down from 3.7% in August. Halmarick said HSI data suggested income tax cuts had not led to a material rise in consumer spending. "The spending slowdown in September was expected after an early Father's Day led to consumers splashing out on household ...

Calls for independent oversight on mortgage stress

ELIZA BAVIN  |  MONDAY, 23 SEP 2024
... large-scale housing loan defaults, forced home sales and large falls in property prices looks low. However, consumer spending is still likely to remain constrained, especially as the unemployment rate rises."

Zenith increases defensive investment as recession risk looms

ELIZA BAVIN  |  WEDNESDAY, 21 AUG 2024
... indicators are not consistent with a recession in the US at this stage," Hennessy said. "Other indicators such as consumer spending and business investment are still growing. We still believe the US economy remains on a soft-landing path, which is an ...

Pandemic-era savings to dry up: CBA

ELIZA BAVIN  |  FRIDAY, 9 AUG 2024
... increased mortgage payments and a general increase in spending. "The decline in additional savings has meant that consumer spending for much of the past two years has been supported by a notional savings drawdown. We say notional as overall savings are ...

Markets look to US rate cuts as inflation falls

ELIZA BAVIN  |  FRIDAY, 12 JUL 2024
... stimulate economic growth." Green added that beyond CPI, other economic indicators suck as unemployment rates and consumer spending suggested that the US economy may not need the high-interest rate environment for much longer. "A cooling labour market ...

AustralianSuper reports 'solid return', lags rivals

ANDREW MCKEAN  |  THURSDAY, 4 JUL 2024
... overseas. "Equities have done well due to strong earnings growth from technology companies in the US and strong consumer spending in Australia and overseas, which helped to drive up company earnings," Delaney said. He added that easing inflation boosted ...

Most traded US stocks revealed

ELIZA BAVIN  |  FRIDAY, 21 JUN 2024
... US share market made a comeback in May after a decline in April following moderating inflation data and weak consumer spending offered investors some optimism that interest rate cuts may be around the corner. Trading data from Selfwealth found Nvidia ...

Recession signs: Economic growth has 'ground to a halt'

ELIZA BAVIN  |  THURSDAY, 6 JUN 2024
... effects of elevated inflation have weighed on household purchasing power. And the tailwind of pent-up savings on consumer spending has largely run its course." Aird said data shows that Australians have been spending more than was previously expected ...

Interest rate relief unlikely 'this side of Christmas'

ELIZA BAVIN  |  THURSDAY, 30 MAY 2024
... while seasonally adjusted CPI was even higher at 3.8%. Betashares chief economist David Bassanese said with consumer spending already weak, lingering inflationary pressures in Australia appear to largely reflect cost-push factors in areas like housing ...