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Search ResultsShowing 1 - 10 of 98 results for "Michigan"
Chief economist update: Not easy easing restrictions
BENJAMIN ONG  |  TUESDAY, 14 JUL 2020
"As the economy reopens, incoming data are beginning to reflect a resumption of economic activity: Many businesses are opening their doors, hiring is picking up, and spending is increasing. Employment moved higher, and consumer spending rebounded strongly ...
Chief economist update: Stimulus measures ease extreme fear
BENJAMIN ONG  |  WEDNESDAY, 22 APR 2020
Tanking oil prices are the latest go-to excuse for the renewed downturn on Wall Street. But more than this, it's added to the challenges facing America's economy and its corporate sector. The US labour market has already deteriorated markedly ...
Chief economist update: COVID-19 could hit Australia with triple whammy
BENJAMIN ONG  |  FRIDAY, 14 FEB 2020
... parts to a firm elsewhere in China, which in turn supplies a factory in Stuttgart, with the final product emerging in Michigan." The fall-out is underscored by a report by The Guardian : "JCB, the British digger maker, has cut working hours and suspended ...
Chief economist update: It's the US consumer, stupid me
BENJAMIN ONG  |  WEDNESDAY, 12 FEB 2020
... January 2020 and is "in the top 10% of all reading in the 46-year history of the survey". Good or bad, a University of Michigan survey of small business owners found that the "cautious optimism" under Obama turned into full-blown optimism under Trump ...
Chief economist update: It's Christmas time in the city
BENJAMIN ONG  |  MONDAY, 9 DEC 2019
... North Korea could be preparing resumption of nuclear testing. "...but the fire is so delightful." The University of Michigan consumer sentiment index's preliminary estimate rose to a reading of 99.2 in December from 96.8 in November. This is better ...
Chief economist update: US consumer power
BENJAMIN ONG  |  MONDAY, 25 NOV 2019
... 9% over the past 12 months - they will spend, lifting business revenues and income. Then again, as the University of Michigan warns: "There is little point in dismissing the significant risks from potential negative shocks, associated with tariffs, impeachment ...
Chief economist update: Glass half-full or US recession on the way?
BENJAMIN ONG  |  WEDNESDAY, 29 MAY 2019
"It is a riddle, wrapped in a mystery, inside an enigma..." Sir Winston Leonard Churchill may be describing Russia's intentions and interests when he made this now famous quote back in 1939 (before he became UK Prime Minister 1940-1945) but Churchill's ...
Chief economist update: Where sentiment goes, there too is spending
BENJAMIN ONG  |  MONDAY, 18 FEB 2019
... consistent with the equally big falls in consumer sentiment? Well, as it turns out the worm has turned. The University of Michigan consumer sentiment index bounced back 4.7 points to a reading of 95.5 in February - partially offsetting the 7.1-point ...
Chief economist update: US consumer sentiment cops bullet
BENJAMIN ONG  |  MONDAY, 21 JAN 2019
"Not happy, Jan!" For the young ones, the quote refers to Telstra's "yellow pages" advertisement back in the days before the internet, when you, I and Irene scoured through pages and pages (two volumes of it) of listings to buy stuff or get our ...
Chief economist update: Shopaholics drive US growth
BENJAMIN ONG  |  MONDAY, 29 OCT 2018
... generating a virtuous cycle of optimism, even greater spending, jobs and growth. Speaking of optimism, the University of Michigan consumer sentiment index remains at its strongest level since the year 2000 despite its recent slip from 99 in September ...
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