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Showing 51 - 60 of 596 results for "consumer spending"

Chief economist update: Not yet time to make a change

BENJAMIN ONG  |  FRIDAY, 30 APR 2021
... three consecutive quarters of contraction. The first quarter growth was driven by a 10.7% annualised jump in consumer spending - the one that accounts for about 70% of the US economy. The revival in consumer confidence suggests continued strength, if ...

Chief economist update: The great Australian rebound

BENJAMIN ONG  |  THURSDAY, 4 MAR 2021
... December quarter from 18.7% in September and a record high of 22.0% in June last year. There's still a lot of consumer spending coming before savings return to its 30-year average of 5.1% Of course, as Reserve Bank of Australia (RBA) governor Philip ...

Chief economist update: Nikkei not so fine

BENJAMIN ONG  |  TUESDAY, 9 FEB 2021
... in the previous month - the ninth straight month of decline. Just think about its negative implications for consumer spending and inflation. Not surprisingly, the au Jibun Bank Japan PMI indices - manufacturing, services and composite - have all weakened ...

Chief economist update: Overvaluation tests FOMO and TINA trades

BENJAMIN ONG  |  MONDAY, 1 FEB 2021
... through fiscal and monetary policy accommodation should keep the American economy improving through increased consumer spending, rising business revenues and profits that, by extension, generates further escalation in share market prices. It's one ...

Chief economist update: Inflation lifted by smokers with young children and homebuilders

BENJAMIN ONG  |  THURSDAY, 28 JAN 2021
... is that the end of the JobKeeper and JobSeeker subsidies slated for the end of March this year would depress consumer spending, leading to discounting and by extension, lower inflation.

Chief economist update: The virus, the vaccine, the variant

BENJAMIN ONG  |  TUESDAY, 12 JAN 2021
... signs of stabilisation discussed above could persist, leading to favorable dynamics between still-resilient consumer spending and improved business spending. "Additional support could come from fading idiosyncratic drags in key emerging markets coupled ...

Chief economist update: No pandemic on Wall Street

BENJAMIN ONG  |  MONDAY, 11 JAN 2021
... rates of infections and deaths. This would put added downward pressure on consumer confidence and by extension, consumer spending. Already, the Conference Board's consumer confidence index has dropped to a seven-month low reading of 88.6 in December ...

Chief economist update: Greed is good

BENJAMIN ONG  |  MONDAY, 7 DEC 2020
... sworn in on January 20 next year). In the meantime, the multiplying number of infections is putting a brake on consumer spending, that's affecting employment, that circle its way back to spending. US non-farm payrolls rose by 245,000 in November. ...

COVID-19 to remain dominant in 2021

ELIZA BAVIN  |  WEDNESDAY, 18 NOV 2020
... and small businesses, may need to be pulled back in 2021. T.Rowe Price said it will then be on business and consumer spending to accelerate and offset the change. "Within asset allocation, we are closely monitoring the potential for a great rotation ...

Chief economist update: V for vaccine

BENJAMIN ONG  |  TUESDAY, 10 NOV 2020
... mandatory mask wearing. Lockdowns and social restrictions freeze economic activity, lift unemployment, reduce consumer spending and decrease corporate revenues - prompting the second dip in the US economy. It may not have come soon enough for Trump ...