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Showing 61 - 70 of 596 results for "consumer spending"

Chief economist update: Victoria's victory

BENJAMIN ONG  |  TUESDAY, 27 OCT 2020
... national economy. The state's reopening would unleash Victorian households' pent-up demand and revive consumer spending that, in turn, lifts business revenues and profits and employment. This virtuous Victorian circle would have positive flow-on ...

Sweeping tax cuts announced

ANNABELLE DICKSON  |  TUESDAY, 6 OCT 2020
... facing a tax rate of 30% of less. BetaShares chief economist David Bassanese said the potential boost to both consumer spending and business investment suggests upside risks to the government's economic forecasts. "It's already been evident that ...

Chief economist update: COVID-19 cuts capex

BENJAMIN ONG  |  MONDAY, 31 AUG 2020
... interest rate cuts later (in 2019) - in June, July and October - taking the official cash rate down to 0.75% -- consumer spending, business investment and economic growth overall continued to weaken, long before the coronavirus took its first bite and ...

Chief economist update: COVID-19 cycle

BENJAMIN ONG  |  MONDAY, 17 AUG 2020
... becomes a vicious circle where consumers, fearing loss of income and/or lower wages, save rather than spend. Less consumer spending leads to reduced business revenues and profits that, in turn, removes all business' raison d'etre and hindering ...

Chief economist update: The wages of COVID-19

BENJAMIN ONG  |  THURSDAY, 13 AUG 2020
... 2.6% in the June quarter from only 0.03% in the March quarter. That's a lotta dinero that would go towards consumer spending that, by extension, should avert a deeper recession. However, more "real" dollars to spend is negated by the renewed consumer ...

Chief economist update: A tiny bug takes down the largest economy

BENJAMIN ONG  |  FRIDAY, 31 JUL 2020
... a record minus 32.9%. According to the BEA: "The second-quarter decrease in real GDP reflected decreases in consumer spending, exports, inventory investment, business investment, and housing investment that were partially offset by an increase in government ...

Chief economist update: Cheaper prices not a bargain

BENJAMIN ONG  |  THURSDAY, 30 JUL 2020
... furnishings, clothes, shoes, TV, even houses) on expectations that tomorrow and the day after, prices would be cheaper. Consumer spending accounts for around 60% of the economy - most economies. Declining inflation expectations will discourage consumer ...

Stimulus, ERS pushes spending up 17%

ELIZABETH MCARTHUR  |  TUESDAY, 21 JUL 2020
... impact of the government's stimulus package and early release of superannuation program, with a sharp uptick in consumer spending. The data from illion and AlphaBeta, part of Accenture, found consumer spending in Australia was up 17%. However, so much ...

Aussie equities stage recovery

ELIZA BAVIN  |  TUESDAY, 21 JUL 2020
... double-hit scenario). The report said monetary and fiscal policies should continue to mitigate deeper declines in consumer spending and business bankruptcies. However, these are also causing overvaluation in financial markets. "Equities markets around ...

Chief economist update: Not easy easing restrictions

BENJAMIN ONG  |  TUESDAY, 14 JUL 2020
... businesses are opening their doors, hiring is picking up, and spending is increasing. Employment moved higher, and consumer spending rebounded strongly in May. We have entered an important new phase and have done so sooner than expected." This was what ...