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Showing 61 - 70 of 163 results for "Household spending"

Chief economist update: Expect more of the same from the BOJ

BENJAMIN ONG  |  TUESDAY, 18 JUN 2019
... 0.8%; and, core-core inflation (excluding fresh food and energy accelerated to 0.6% from 0.5% in March. Weak household spending and very low inflation creates a feedback loop where low consumer prices prevents consumers from spending now (prices will ...

Chief economist update: Australian bull market here we come

BENJAMIN ONG  |  THURSDAY, 13 JUN 2019
... growth to 2.8% in April from 3.5%, along with the drop in consumer confidence portends continuing weakness in household spending. This isn't a good omen for business profitability - that, which drives stock market prices. This is captured by the ...

Chief economist update: The Budget surplus can wait

BENJAMIN ONG  |  THURSDAY, 6 JUN 2019
... halved from an already low 0.2% in the December 2018 quarter to 0.1% in the March 2019 quarter. Not only has household spending slowed, households are also topping up their savings - the household savings ratio rose to 2.8% in the March quarter from ...

Chief economist update: Inflation is dead

BENJAMIN ONG  |  MONDAY, 29 APR 2019
... a while," she said. This is still continuing. The problem with this is that tepid wage growth leads to less household spending, lower company sales and profits and, by extension, reduce economic activity and lower inflation. Easing inflation would, in ...

Chief economist update: No credit to the RBA

BENJAMIN ONG  |  MONDAY, 1 APR 2019
... wishin' and prayin' that "a pick-up in growth in household income is nonetheless expected to support household spending over the next year". But how could it? How could households raise their consumption and spending when wages growth remains ...

Chief economist update: US economic growth is slowing and accelerating

BENJAMIN ONG  |  FRIDAY, 1 MAR 2019
... contributions to growth table shows that despite slowing in both the annualised and year-on-year measures, household spending (which accounts for around 70% of the economy) provided a 1.92 percentage point contribution to fourth quarter 2018 GDP growth. ...

Chief economist update: Cut it, cut it now

BENJAMIN ONG  |  THURSDAY, 21 FEB 2019
... more than anticipated." The reasoning goes: "Growth in household income... is expected to pick up and support household spending" and by extension, growth in the overall economy. No RBA, growth in wages have remained stagnant - and that's just for ...

Chief economist update: Where sentiment goes, there too is spending

BENJAMIN ONG  |  MONDAY, 18 FEB 2019
... 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 the ...

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 ...