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Showing 51 - 60 of 145 results for "Household spending"

Chief economist update: Is the US about to join the global slowdown club?

BENJAMIN ONG  |  FRIDAY, 15 FEB 2019
... 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 of December ...

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

BENJAMIN ONG  |  THURSDAY, 14 FEB 2019
... 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 pressures ...

Chief economist update: UK economy slows on Brexit woes

BENJAMIN ONG  |  TUESDAY, 12 FEB 2019
... 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 deficit ...

Chief economist update: Shopaholics drive US growth

BENJAMIN ONG  |  MONDAY, 29 OCT 2018
... contributing 2.69 percentage points to third quarter growth (after adding 2.57 pps in the second quarter) as growth in household spending accelerated from an annualised rate of 3.8% in the June quarter to 4% in the September quarter. To be sure, Trump's ...

Three down one to go, then another three in 2019

BENJAMIN ONG  |  THURSDAY, 27 SEP 2018
... strong rate. Job gains have been strong, on average, in recent months, and the unemployment rate has stayed low. Household spending and business fixed investment have grown strongly. On a 12-month basis, both overall inflation and inflation for items ...

Chief economist update: It's always slow in America in Q1

BENJAMIN ONG  |  FRIDAY, 29 JUN 2018
... September 2017 quarter's 3.2% expansion and June's 3.1% Much more of a worry is the sharp deceleration in household spending growth - that which accounts for around 70% of the US economy. Personal consumption expenditures contributed a mere 0.6 ...

Chief economist update: Rush hour is over for the BOE

BENJAMIN ONG  |  TUESDAY, 5 JUN 2018
... a drag on growth, it's not intensifying. However, the details of the UK National Accounts are worrying. Household spending growth slowing to a mere 0.2% in the three-months to March - the slowest in over three years - following 0.3% growth in the ...

Chief economist update: Stuck in the very slow lane

BENJAMIN ONG  |  WEDNESDAY, 16 MAY 2018
... public sector wages slowed by more - from 2.44% to 2.35%. Lacklustre wages growth would continue to dampen household spending that's already saddled with record high levels of debt. The good news is that, my back of the envelope calculations show ...

Only 17pct of Aussie families seek advice: St.George

HARRISON WORLEY  |  TUESDAY, 15 MAY 2018
... "Opening up a joint account is a great way for parents to share mutual financial goals and keep track of their household spending, and conversely combining savings into one account can help boost their savings," Miller said. "By looking at the household ...

Chief economist update: All Ords rising

BENJAMIN ONG  |  TUESDAY, 15 MAY 2018
... reducing tax payables, the promised tax cuts should help plug a missing link between lacklustre wage growth and household spending. Wage growth has remained sluggish - up 2.1% in the December 2017 quarter from 2% in the previous quarter. The Australian ...