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Showing 11 - 20 of 146 results for %22Westpac MI Consumer Expectations Index%22

Chief economist update: The wages of COVID-19

BENJAMIN ONG  |  THURSDAY, 13 AUG 2020
... should avert a deeper recession. However, more "real" dollars to spend is negated by the renewed consumer pessimism. The Westpac-Melbourne Institute Index of Consumer Sentiment fell 9.5% to 79.5 in August from 87.9 in July-- close to the 75.6 reading ...

Chief economist update: Pay cut or pay not?

BENJAMIN ONG  |  FRIDAY, 15 MAY 2020
... consumer confidence -- the NAB business confidence index rebounded to a reading of -46 in April from -65 in March; the Westpac/Melbourne Institute Index of Consumer Sentiment jumped by 16.4% to 88.1 in May from April's 75.6 reading. The consumer ...

Chief economist update: Surveys say...

BENJAMIN ONG  |  FRIDAY, 17 APR 2020
... consumer confidence and its implication for consumer spending, and by extension, business conditions and confidence. The Westpac-Melbourne Institute index of consumer sentiment plummeted by 17.7% to a reading of 75.6 in April - the biggest monthly decline ...

Chief economist update: Aussie employment rises... but so does our unemployment rate

BENJAMIN ONG  |  FRIDAY, 21 FEB 2020
... stores already earmarked for closure just one fortnight into the new year." As revealed in their response to the latest Westpac-Melbourne Institute consumer sentiment survey, Australians are correct to be concerned with regards to their unemployment ...

Chief economist update: Australians not confident enough

BENJAMIN ONG  |  THURSDAY, 13 FEB 2020
... Australian consumer and business confidence despite concerns over the impact of the bushfires, floods and the coronavirus. The Westpac-Melbourne Institute Index of Consumer Sentiment rose 2.3% to 95.5 in February from 93.4 in the previous month. The ...

Chief economist update: Australians all let's not rejoice

BENJAMIN ONG  |  THURSDAY, 23 JAN 2020
... don't it feel good." Sadly, Australians are not singing and dancing to this upbeat classic by Katrina and the Waves. The Westpac/Melbourne Institute consumer sentiment survey shows that consumer pessimism has deepened in January. The consumer index ...

Chief economist update: How low will Lowe go?

BENJAMIN ONG  |  FRIDAY, 15 NOV 2019
... pricing another rate cut by February 2020 or as early as December this year. November 12: NAB Business Survey. November 13: Westpac-Melbourne Institute index of consumer sentiment (along with retail sales - released on November 4). November 13: Wage ...

Chief economist update: RBA rate cut outlook

BENJAMIN ONG  |  THURSDAY, 31 OCT 2019
... the level of pessimism among Australian businesses and consumers as evidenced by the latest NAB Business survey and the Westpac-Melbourne Institute consumer sentiment index. And of course, there was also the better-than-expected employment report. So ...

Chief economist update: Rate cuts coming, but not on race day

BENJAMIN ONG  |  MONDAY, 21 OCT 2019
... employment since mid-2018. Leading employment indicators - the ANZ job ads dropped by 10.4% in the year to September; the Westpac-Melbourne Institute 'unemployment expectations index' rose by 7.3% (year-on-year) to a reading of 131.8 in October ...

Chief economist update: Negative bang for RBA, government's buck

BENJAMIN ONG  |  THURSDAY, 10 OCT 2019
... this year which brought the official cash rate to 0.75% and the Morrison government's July tax rebate, the latest Westpac-Melbourne Institute consumer sentiment survey delivers a grim warning to us, Australians all. The consumer sentiment index fell ...