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

Search Results

Showing 51 - 60 of 715 results for "Retail sales"

Chief economist update: No Karens in China

BENJAMIN ONG  |  TUESDAY, 28 JUL 2020
... year-on-year), more than offsetting the 10.0% contraction (minus 6.8% y-o-y) in the March quarter. Activity measures - retail sales; fixed asset investment; industrial production - have sequentially improved since their sharp drops in February this year. ...

Chief economist update: China recovery would have been good for Oz

BENJAMIN ONG  |  MONDAY, 20 JUL 2020
... better than market expectations for a 2.5% increase. Although still in contraction, the annual rate of decline in retail sales had steadily eased to -1.8% in June from the sharp 20.5% (yoy) drop in February. Fixed asset investment growth followed the ...

Chief economist update: Not easy easing restrictions

BENJAMIN ONG  |  TUESDAY, 14 JUL 2020
... has declined to 11.1% in June from 13.3% in May and 14.7% in April - a record high...."spending is increasing". US retail sales soared by 17.7% in the month of May, more than reversing the record 14.7% slump in the previous month as businesses reopened ...

Chief economist update: Good as gold

BENJAMIN ONG  |  MONDAY, 13 JUL 2020
... 4.4% in the year to May - the third straight month of improvement after a 13.5% fall in February; the contraction in retail sales has slowed to -2.8% from February's -20.5%; so with fixed asset investment whose annual rate of decline sequentially ...

Chief economist update: The power of money (and a cure)

BENJAMIN ONG  |  WEDNESDAY, 17 JUN 2020
... coronavirus has resurfaced in Beijing and, with it, the re-imposition of lockdowns. Have money, will travel. The latest US retail sales report - up 17.7% in May from April - underscores the power of money. Cheaper borrowing costs and money printing from ...

Chief economist update: COVID-19 takes second crack at China

BENJAMIN ONG  |  TUESDAY, 16 JUN 2020
... fixed asset investment has eased to minus 6.3% by May from as steep as minus 24.5% in February; annual growth in retail sales has also improved to minus 2.8% in May from minus 7.5% in April and minus 15.8% in March. These improvements are underscored ...

Chief economist update: Border brawl

BENJAMIN ONG  |  THURSDAY, 21 MAY 2020
... economy. The ABS reports that after surging by 8.5% in the month of March - due to hoarding (of toilet papers) - retail sales (based on its preliminary estimate) dropped by 17.9% in the month of April. "Cafes, restaurants and takeaway food services ...

Chief economist update: Thank goodness for Sorbent

BENJAMIN ONG  |  THURSDAY, 23 APR 2020
... the very least) or saved it from a negative print (at best). Together, hoarders and panic-buyers sent Australian retail sales to what the Australian Bureau of Statistics (ABS) labelled "unprecedented demand" in March. Preliminary estimates by the ABS ...

Chief economist update: Stimulus measures ease extreme fear

BENJAMIN ONG  |  WEDNESDAY, 22 APR 2020
... have work are limited from spending due to social restriction regulations and business shutdowns. Not surprising, US retail sales plummeted by 8.7% in the month of March, with consumers only increasing their purchases of "food and beverages" (25.6%) ...

The great fall of China

BENJAMIN ONG  |  MONDAY, 20 APR 2020
... plummeting by 24.5 in February; industrial production's 13.5% dive in Feb was followed by a 1.1% decline in March; and, retail sales slumped by 20.5% and 15.8% (year-on-year) in February and March, respectively. We, Australians all, are in for a lot ...