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Showing 41 - 50 of 122 results for "Household consumption"

Chief economist update: Cash rate should be 1%

BENJAMIN ONG  |  THURSDAY, 7 MAR 2019
... three components contributed to fourth quarter GDP growth: government consumption (0.3 percentage points); household consumption (0.2 pps) and, inventories (0.2 pps). But government consumption could not continue to provide such strong contribution going ...

Chief economist update: US economic growth is slowing and accelerating

BENJAMIN ONG  |  FRIDAY, 1 MAR 2019
... the September quarter's 9.3% annualised growth rate but still underscoring the continued strength in household consumption. All these, despite lower contribution from government spending and investment to fourth quarter GDP growth (0.07 pps from ...

Chief economist update: US consumer sentiment cops bullet

BENJAMIN ONG  |  MONDAY, 21 JAN 2019
... critical to extending the current expansion." This is the picture of what Richard's talking about: US household consumption accounts for nearly 70% of America's GDP (versus exports' about 12% contribution). Sure, the continued strength in ...

Why the RBA has reason to cut rates in 2019

BENJAMIN ONG  |  WEDNESDAY, 9 JAN 2019
... As the RBA has pointed over the past few months, "One continuing source of uncertainty is the outlook for household consumption. Growth in household income remains low, debt levels are high and some asset prices have declined." "Growth in household income ...

Chief economist update: A prelude to a rate cut?

BENJAMIN ONG  |  FRIDAY, 7 DEC 2018
Could it be? Could it be that the Reserve Bank of Australia (RBA) is now pondering the likelihood that the next move in interest rates is down rather than up? In early June this year, I put forth a thesis that long stretches of steady interest rates ...

Chief economist update: RBA more likely to cut

BENJAMIN ONG  |  MONDAY, 3 DEC 2018
... Still, the RBA's also correct in printing that: "One continuing source of uncertainty is the outlook for household consumption. Growth in household income remains low, debt levels are high and some asset prices have declined." "Growth in household ...

Chief economist update: BOJ on a steady

BENJAMIN ONG  |  TUESDAY, 30 OCT 2018
... inched up to 1% from 0.9%; core-core inflation (ex-fresh food and energy) dipped to 0.3% from 0.4%. Slowing household consumption indicate that Japanese businesses would be unable to charge higher prices. The annual growth in retail sales slowed to 2.1% ...

Chief economist update: Shopaholics drive US growth

BENJAMIN ONG  |  MONDAY, 29 OCT 2018
... replaced by back-to-back quarters of exceptionally strong contributions to overall growth from American household consumption. The US economy expanded at an annualised rate of 3.5% in the third quarter following the 4.2% surge in the preceding quarter. ...

Chief economist update: If you can't beat Trump, copy Trump

BENJAMIN ONG  |  TUESDAY, 23 OCT 2018
... China's version will boost consumers' disposable income that, in turn, would generate increased household consumption and shore up the economy. Household consumption accounts for about 39% of Chinese GDP. This compares with the 20% contribution ...

Chief economist update: Confidence down, conditions up

BENJAMIN ONG  |  WEDNESDAY, 12 SEP 2018
... orders from +2 in July to +5 indicates that this inventory re-stocking is not "unwanted". The strength in household consumption reported in the June quarter National Accounts justifies businesses outlook to rebuild inventories. The Australian economy ...