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Showing 51 - 60 of 122 results for "Household consumption"

Chief economist update: Steady at 24 and counting

BENJAMIN ONG  |  WEDNESDAY, 4 JUL 2018
... growth to average a bit above 3% in 2018 and 2019...One continuing source of uncertainty is the outlook for household consumption. Household income has been growing slowly and debt levels are high. "The outlook for the labour market remains positive. ...

Chief economist update: Rate hike hawks in RBA dove's shadow

BENJAMIN ONG  |  TUESDAY, 26 JUN 2018
... teenie-weenie 25 bps tweak upwards in borrowing costs? I think not. Not when the economy's biggest component - household consumption - remains in the doldrums because of high debt burden and stagnant wages (that's verging on the negative when ...

Chief economist update: Another five minutes of sunshine?

BENJAMIN ONG  |  THURSDAY, 7 JUN 2018
... exports minus imports (X-Y). The details of the December quarter show positive contributions to growth from household consumption (+0.2 pps), private investment (+0.2%), government spending (+0.2) and net exports (+0.4). Very good - all major GDP components ...

Chief economist update: A prelude to an RBA cut?

BENJAMIN ONG  |  WEDNESDAY, 6 JUN 2018
... up, to average a bit above 3% in 2018 and 2019...One continuing source of uncertainty is the outlook for household consumption. Household income has been growing slowly and debt levels are high." "Employment has grown strongly over the past year, although ...

Chief economist update: Capex and credit and the trade war

BENJAMIN ONG  |  FRIDAY, 1 JUN 2018
... expenditures weakened to 1.4% from 2.2%. Not only has Australia have to deal with continued weakness in household consumption - the latest RBA report on credit show the decline in personal credit accelerated to minus 1.2% in the year to April (the 28th ...

Chief economist update: Forget asking for a pay rise

BENJAMIN ONG  |  FRIDAY, 18 MAY 2018
... this year. The government's (and Labor's) proposed tax cuts should help mitigate the weakness in household consumption as a result of the continued weakness in wages. Then again, given the high level of household debt, much of these would be ...

Chief economist update: Stuck in the very slow lane

BENJAMIN ONG  |  WEDNESDAY, 16 MAY 2018
... 2018/19 forecast of 2.25% growth. The tax cuts embedded in the Budget should also provide some tailwind behind household consumption and so too would the RBA's accommodative policy stance. Reading between the lines of Debelle's speech, the RBA ...

Chief economist update: Not as good as it gets

BENJAMIN ONG  |  MONDAY, 30 APR 2018
... disposable personal income in the March quarter from 2.6% in the December 2017 quarter. These ensure a rebound in household consumption in the coming months, lifting sales and profits and share prices. Then again, it would also lift inflation and could ...

Chief economist update: Australian workers, don't expect a pay rise

BENJAMIN ONG  |  FRIDAY, 20 APR 2018
... income" than their part-time counterparts. This suggests that consume spending would remain weak and because household consumption accounts for around 60% of Australia's GDP, expect economic growth to remain in the slow lane as well. Not only this, forget ...

Chief economist update: Another five minutes of retail sunshine?

BENJAMIN ONG  |  FRIDAY, 6 APR 2018
... infrastructure spending and stronger export growth." But..."One continuing source of uncertainty is the outlook for household consumption" as "household income has been growing slowly and debt levels are high." Last we looked, household income growth ...