Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 41 - 50 of 437 results for %22US consumer confidence data%22

Open banking reforms a boon for fintech

ELIZABETH MCARTHUR  |  THURSDAY, 4 JUL 2019
... program will lay initial foundations to test the performance, reliability and security of the system before any personal consumer data is shared. It will also give software developers and fintechs a network of financial institution's data to build and ...

Chief economist update: Glass half-full or US recession on the way?

BENJAMIN ONG  |  WEDNESDAY, 29 MAY 2019
... at 3.6% in April - this is the lowest rate of joblessness in nearly five decades (December 1969) - stoking consumer confidence. The University of Michigan's consumer sentiment index rose to a 15-year high in May which, in turn, encourages greater ...

Chief economist update: Where sentiment goes, there too is spending

BENJAMIN ONG  |  MONDAY, 18 FEB 2019
The University of Michigan's latest update on consumer confidence indicates that there's hope still for household spending. Recall the reported big drop in US retail spending (down 1.2% in the month of December) that I penned is consistent with ...

Chief economist update: Time for an RBA shift to neutral

BENJAMIN ONG  |  MONDAY, 4 FEB 2019
... in the December quarter). Indications from more recent activity data - business conditions and confidence, consumer confidence and spending, the AiG performance of construction index, among others - are equally foreboding. So is the fast accelerating ...

No-deal Brexit prolongs market uncertainty

KARREN VERGARA  |  WEDNESDAY, 16 JAN 2019
... update Greg Goodsell, a global equity strategist at 4D Infrastructure, said the level of uncertainty can only be bad for consumer and investor confidence for the UK generally - which is detrimental for the economy. It leaves Britain in an uncertain position ...

Chief economist update: Faster wages growth a one-off?

BENJAMIN ONG  |  THURSDAY, 15 NOV 2018
... has accelerated to 0.25% in the September quarter from 0.06% in the previous one. This, along with rising consumer confidence - the Westpac-Melbourne Institute index of consumer sentiment rose to an 11-month high of 104.3 in November from 101.5 in the ...

Customer data protections progress

DARREN SNYDER  |  WEDNESDAY, 15 AUG 2018
... they better deliver customer-oriented solutions following the Federal Government's release of draft legislation on the Consumer Data Right. The Consumer Data Right is aimed to empower customers to use data for their own benefit. Under the Government's ...

Chief economist update: Betting on down rather than up?

BENJAMIN ONG  |  FRIDAY, 10 AUG 2018
... business confidence and potential for higher unemployment do not augur well for inflation. Latest stat on New Zealand's consumer prices reveal that the annual rate of headline inflation picked up speed to 1.5% in the June quarter from 1.1% in the ...

Adviser Ratings to predict licensees' quality of advice

JAMIE WILLIAMSON  |  TUESDAY, 31 JUL 2018
... and information resulting from the Royal Commission when researching and selecting financial advisers. The loss of confidence in institutional brands and the broader advice system demands this kind of evidence-based, scientifically validated service ...

Chief economist update: Trump trumps Brexit

BENJAMIN ONG  |  TUESDAY, 10 APR 2018
... resilient to Brexit uncertainty. The country's unemployment rate stood at a 42-month low of 4.3% in January; March consumer confidence improved to its best level since May 2017; and, February retail sales grew by 1.5% year-on-year, unchanged from January ...