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Showing 591 - 600 of 1401 results for "Household"

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: Is the US about to join the global slowdown club?

BENJAMIN ONG  |  FRIDAY, 15 FEB 2019
... drop. They dropped spending. The US Census Bureau's latest update on retail spending - which constitutes the bulk of household spending that, in turn, accounts for about 70% of the US economy - showed that US retail sales dropped by 1.2% in the month ...

Chief economist update: Unchanged RBNZ stance would force it to change stance

BENJAMIN ONG  |  THURSDAY, 14 FEB 2019
... pick-up in New Zealand's GDP growth over 2019. Low interest rates, and continued employment growth, should support household spending and business investment. Government spending on infrastructure and housing also supports domestic demand. As capacity ...

Chief economist update: UK economy slows on Brexit woes

BENJAMIN ONG  |  TUESDAY, 12 FEB 2019
... in the year to the December 2018 quarter. While the sharp 1.7% increase in imports indicated continued strength in UK household spending (up by 1.9% in the fourth quarter), it also had a negative impact on the UK's external trade account - the trade ...

Chief economist update: Anatomy of an RBA rate cut

BENJAMIN ONG  |  WEDNESDAY, 30 JAN 2019
... Australian consumers would need to fund their spending by continuing to dip into their savings. But the record high levels of household indebtedness could limit spending to the bare necessities. More so because the wealth effect from rising property ...

Chief economist update: Don't buy now, Australian property will be cheaper

BENJAMIN ONG  |  WEDNESDAY, 23 JAN 2019
... time, my guess was premised on the persistent weakness in consumer spending - due to lacklustre wages growth and high household debt levels - and the deterioration in international trade, driven by Trump's war on trade and what was then, the incipient ...

Industry fund chief executive moves to life insurer

KANIKA SOOD  |  MONDAY, 21 JAN 2019
... strong investment performance and established a strong, capable and cohesive Leadership team. Our brand has grown to be a household name and our members tell us they are enjoying a much improved service," Williams said.

Chief economist update: US consumer sentiment cops bullet

BENJAMIN ONG  |  MONDAY, 21 JAN 2019
... January, are 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 ...

Chief economist update: Crude oil to the rescue

BENJAMIN ONG  |  THURSDAY, 17 JAN 2019
... prices are, net-net, positive for growth. They are de facto tax cuts or interest rate reductions in that they raise household disposable income that, in turn, lifts consumer spending and by extension, economic growth. Lower oil prices also reduce business ...

Chief economist update: Safe as burning houses

BENJAMIN ONG  |  MONDAY, 14 JAN 2019
... into construction territory (42.6) in November; and, despite the better-than expected November retail sales report, household goods retailing increased by a mere 0.1% (year-on-year) from 3.4% in the previous month. This is but part of housing's large ...