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Showing 31 - 40 of 163 results for "Household spending"

GDP rises but headwinds abound

ANDREW MCKEAN  |  THURSDAY, 2 JUN 2022
... ABS Sean Crick commented: "The household saving to income ratio fell from 13.4% to 11.4% as the increase in household spending outpaced growth in household income." "The 11.4% household saving ratio was the lowest since the start of the COVID pandemic ...

Economic recap: Week to November 19

BENJAMIN ONG  |  MONDAY, 22 NOV 2021
... spending less as their pay rises as dearer prices erode their spending power. Tepid wage growth leads to less household spending, lower company sales and profits and, by extension, reduce economic activity and lower inflation. The RBA wouldn't want to ...

Economic recap: Week to October 22

BENJAMIN ONG  |  MONDAY, 25 OCT 2021
... factories humming to satisfy these demands. This would have been the start of a virtuous cycle where increased household spending are met and catered for by stronger factory production and by extension, raised investment in plant and equipment and staffing ...

Economic recap: Week to October 1

BENJAMIN ONG  |  MONDAY, 4 OCT 2021
... consumers' pent-up demand were suddenly let loose. Factories are now humming to satisfy the rebound in household spending. This has spurred sharp increases in commodity prices from aluminium, to oil, to copper. The S&P/GSCI commodity price index ...

Economic recap: Week to August 6

BENJAMIN ONG  |  MONDAY, 9 AUG 2021
... period from 2.0% in May and versus expectations for a 1.2% increase. Less income equals reduced spending. June household spending dropped by 5.1% in the year to June versus 11.6% in te preceding month and expectations for a small 0.1% increase. Japanese ...

Chief economist update: Australia on top

BENJAMIN ONG  |  THURSDAY, 3 JUN 2021
... second highest print for the Index since April 2010. One that augurs well for the continued acceleration in household spending going forward, not to mention, the improvement in the country's labour market. Household consumption grew by 1.2% in the ...

Chief economist update: Australians all let us rejoice

BENJAMIN ONG  |  FRIDAY, 16 APR 2021
... (Westpac). Australia's virtuous cycle continues to roll. Confident consumers beget confident businesses - household spending rises, lifting sales and profits and ultimately investment in buildings and structures, machinery and equipment and staffing ...

Chief economist update: Australia's confidence contagion

BENJAMIN ONG  |  WEDNESDAY, 14 APR 2021
... cycle continues to roll - roiled vaccine roll-out or not. Confident consumers beget confident businesses - household spending rises, lifting sales and profits and ultimately investment in buildings and structures, machinery and equipment and staffing ...

Chief economist update: Fourth wave threatens Olympics, growth outlook

BENJAMIN ONG  |  THURSDAY, 8 APR 2021
... cancelled the torch relay because of rising infections there. The Olympics aside, Japan remains in dire straits. Household spending dropped by 6.6% in the year to February, accelerating from the 6.1% fall recorded in the previous month with Mr. and Mrs. ...

Chief economist update: Confidence contagion

BENJAMIN ONG  |  THURSDAY, 11 MAR 2021
... 112.0, a whopping 23.3% fall from the same month last year. Confident consumers beget confident businesses - household spending rises, lifting sales and profits and ultimately investment in buildings and structures, machineries and equipment and... staffing. ...