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Showing 31 - 40 of 645 results for "Consumer confidence"

Economic recap: Week to August 13

BENJAMIN ONG  |  MONDAY, 16 AUG 2021
... decide how deep the contraction will be. The lockdowns have already taken a significant toll on business and consumer confidence. The latest NAB Business Survey shows that both business confidence and conditions plunged in the month of July. Australian ...

Economic recap: Week to July 16

BENJAMIN ONG  |  MONDAY, 19 JUL 2021
... reading of +24 in June from +36 in May, with trading, profitability and employment recording sharp declines. But consumer confidence told a different story. The Westpac-Melbourne Institute index of consumer sentiment went up by 1.5% to 108.8 in July ...

Chief economist update: Delta variant infects Australian economy

BENJAMIN ONG  |  TUESDAY, 29 JUN 2021
... 2020 when lockdowns started. Record or near-record high business conditions and confidence and above-average consumer confidence readings point that Australia's good fortune will continue rolling. That was before the Delta variant broke out and now ...

Chief economist update: It's raining jobs

BENJAMIN ONG  |  FRIDAY, 18 JUN 2021
... April to a record high reading of 25 in May. Not only that, despite the recent lockdown in Melbourne denting consumer confidence in June, the reading of 107.2 remains well-above its long-term average of 101.4 and is 14.5% higher than it was a year earlier. ...

Chief economist update: Australia on top

BENJAMIN ONG  |  THURSDAY, 3 JUN 2021
... confident because Australian consumers are confident and spending. The Westpac-Melbourne Institute index of consumer confidence remained elevated at a reading of 113.1 in May -- the second highest print for the Index since April 2010. One that augurs ...

Chief economist update: The UK's going OK

BENJAMIN ONG  |  MONDAY, 31 MAY 2021
... 1998. According to Markit: "Survey respondents widely commented on a post-lockdown bounce in business and consumer confidence, alongside higher output levels due to the phased reopening of customer-facing areas of the UK economy." The flash UK manufacturing ...

Chief economist update: Victoria's victory against the virus voided

BENJAMIN ONG  |  FRIDAY, 28 MAY 2021
... a better place compared with the lockdowns of days past. Although the Westpac-Melbourne Institute index of consumer confidence dropped by 4.8% in May from April, the 113.1 reading is the second highest since April 2010. And why not? Australia's labour ...

Chief economist update: Confidently sustaining the recovery

BENJAMIN ONG  |  WEDNESDAY, 19 MAY 2021
... But as Ella Fitzgerald sings, "into each life some rain must fall". The Westpac-Melbourne Institute index of consumer confidence dropped by 4.8% in May from April. Then again, and as Westpac points out, "It is still the second highest print for the Index ...

Chief economist update: Not yet time to make a change

BENJAMIN ONG  |  FRIDAY, 30 APR 2021
... annualised jump in consumer spending - the one that accounts for about 70% of the US economy. The revival in consumer confidence suggests continued strength, if not further increases, in US consumer spending. The Conference Board's survey showed ...

Chief economist update: Australians all let us rejoice

BENJAMIN ONG  |  FRIDAY, 16 APR 2021
... previous month but remains at elevated levels and way above its long-run average of +6. The continued surge in consumer confidence due to the labour market renaissance - suggests further improvement in business conditions and optimism. The Westpac-Melbourne ...