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Showing 21 - 30 of 122 results for "Household consumption"

Chief economist update: The great Australian rebound

BENJAMIN ONG  |  THURSDAY, 4 MAR 2021
... by an equal 1.1% but it's economy remains mired in deflation which doesn't bode well for future household consumption and private investment. Speaking of which, household consumption and private investment were the biggest contributors to Australia's ...

Chief economist update: Japan's five minutes of sunshine

BENJAMIN ONG  |  WEDNESDAY, 9 DEC 2020
... negative 10.2% in the June quarter. The details are even better with the National Accounts showing that household consumption contributed 2.7 percentage points to the 5.3% quarterly growth in September. Updated monthly data indicate continued improvement ...

Chief economist update: Australia is out

BENJAMIN ONG  |  THURSDAY, 3 DEC 2020
... economy remains 3.8% lighter than it was a year ago but the sharp advance in the main component of GDP - household consumption - portends good tidings. Here's the ABS' take: "Household spending drove the economy, rising 7.9 per cent due to increased ...

Chief economist update: Australia succumbs to pandemic-induced recession

BENJAMIN ONG  |  THURSDAY, 3 SEP 2020
... recession. The details of the National Accounts show exactly what one expects of an economy in lockdown. Household consumption - which accounts for around 60% of national output - dropped by 12.1% in the June quarter and subtracted 6.7% from overall ...

Official recession not that scary: Economists

ELIZA BAVIN  |  THURSDAY, 3 SEP 2020
... contraction was greater than anticipated, but is still not as scary as it seems. "The miss for us was on household consumption, which was always the key source of uncertainty," he said. "The fall in GDP over Q2 20 was the biggest quarterly contraction ...

Household debt a major risk: RBA

ELIZA BAVIN  |  THURSDAY, 27 AUG 2020
... distribution of debt across households saying it has contrasting implications for risks to the banking sector and household consumption. "We show that aggregate bank losses are higher when risks are concentrated among a small group of borrowers (for ...

Government announces $184bn deficit

ELIZA BAVIN  |  FRIDAY, 24 JUL 2020
... the latter part of the June quarter has led to a noticeable recovery in activity and jobs," they said. "Household consumption is expected to lead the recovery with strong growth in the September quarter, while business and dwelling investment are expected ...

Australia facing largest ever GDP fall

ELIZA BAVIN  |  WEDNESDAY, 13 MAY 2020
... and increased uncertainty has weighed heavily on aggregate demand and has resulted in reduced cash flow. "Household consumption is expected to be around 16% lower. Business investment is expected to be around 18% lower with falls concentrated in the ...

Chief economist update: Australia's gentle turning point to turn

BENJAMIN ONG  |  THURSDAY, 5 MAR 2020
... annual GDP growth down to 1.6% in the June 2019 quarter - the slowest pace in six years. The 0.4% increase in household consumption in the December quarter - driven by a "2.1% rise in clothing and footwear; 1.3% rise in furnishings and household equipment ...

VanEck launches new income product

ALLY SELBY  |  WEDNESDAY, 15 JAN 2020
... for economic growth," he said. "We are also likely to see low interest rates persist in Australia given household consumption will remain subdued. Household income per capita is not increasing and wages growth remains very low, reflecting lackluster ...