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Showing 41 - 50 of 163 results for "Household spending"

To keep or not to keep JobKeeper

BENJAMIN ONG  |  MONDAY, 15 FEB 2021
... highest in three years. Improved consumer and business confidence would set off a virtuous cycle of increased household spending, higher corporate profits, lifting business confidence, raising employment, buoying consumer confidence... Further, the Australian ...

Chief economist update: Money plus confidence

BENJAMIN ONG  |  THURSDAY, 11 FEB 2021
... highest in three years. Improved consumer and business confidence would set off a virtuous circle of increased household spending, higher corporate profits, lifting business confidence, raising employment, buoying consumer confidence... NAB chief economist ...

Chief economist update: Confidence unlocks Australia's virtuous cycle

BENJAMIN ONG  |  THURSDAY, 10 DEC 2020
... long-run average of +6. Improved consumer and business confidence would set off a virtuous circle of increased household spending, higher corporate profits, lifting business confidence, raising employment, buoying consumer confidence... Then again, third ...

Chief economist update: Japan's five minutes of sunshine

BENJAMIN ONG  |  WEDNESDAY, 9 DEC 2020
... points to the 5.3% quarterly growth in September. Updated monthly data indicate continued improvement with household spending rising by 1.9% in the year to October - the first positive annual growth rate since September 2019. This is in line with the ...

Chief economist update: Australia is out

BENJAMIN ONG  |  THURSDAY, 3 DEC 2020
... 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 spending on both goods and services. Spending on services rose 9.8 ...

Chief economist update: The recession is over

BENJAMIN ONG  |  WEDNESDAY, 28 OCT 2020
... eased restrictions among all states with the exception of Victoria indicates that the 6.7 percentage point household spending subtracted from national output in the June quarter would not be repeated in the September quarter. However, the recovery in ...

Chief economist update: Money buys happiness

BENJAMIN ONG  |  THURSDAY, 15 OCT 2020
... 6.0% in the March 2020 quarter and 19.8% in the June quarter - the highest it's ever been since 46 years. Household spending accounts for a big chunk - around 60% -- of the Australian economy and their propensity to either spend or save would, in ...

Chief economist update: The post-pandemic problem

BENJAMIN ONG  |  THURSDAY, 2 JUL 2020
... for inflation is especially important because it determines the real rates of return on investments and for household spending. Then again, latest CPI data show that despite the trillions of dollars or euros or yens or pounds, or whatever currency, that ...

Chief economist update: Stimulus measures ease extreme fear

BENJAMIN ONG  |  WEDNESDAY, 22 APR 2020
... The lead from the University of Michigan's consumer sentiment survey points to further retrenchment in household spending - the index dropped to a reading of 71 in April - the lowest reading since December 2011 and the biggest monthly fall on record. ...

Chief economist update: A whole new world

BENJAMIN ONG  |  MONDAY, 30 MAR 2020
... would limit the downdraft from the virtual freezing in economic activity, but it'll be impotent in lifting household spending. Especially when consumers are "ordered" to stay indoors or they choose to lock themselves in for fear of contracting the ...