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Showing 1 - 10 of 34 results for "personal spending"

Proceed with caution: Janus Henderson

ALLY SELBY  |  TUESDAY, 19 MAY 2020
... economic growth. This has dire consequences on a country that relies on personal consumption, he argued, with personal spending accounting for roughly 70% of US GDP. "And still undetermined are the inevitable changes in consumer behaviour brought about ...

Chief economist update: Labor Day mayday

BENJAMIN ONG  |  FRIDAY, 1 MAY 2020
... working population - applied for unemployment benefits in the six weeks to 25 April, making the 7.5% drop in personal spending in March (released on the same day) - the sharpest fall on record - seems like a drop in the bucket. Both the Fed and the Trump ...

Recruitment, salaries slide in financial services

ELIZABETH MCARTHUR  |  MONDAY, 20 APR 2020
... Australian LinkedIn users found that 36% had experienced a drop in wages or salaries and that 52% have reduced personal spending since the crisis took hold.

Chief economist update: It's Christmas time in the city

BENJAMIN ONG  |  MONDAY, 9 DEC 2019
... of 3.5% from 3.6% in November. Optimistic consumers who have jobs will spend. While the annual growth in US personal spending from around 6% in mid-2018, at 4%, it remains above its long-term average of 3.7%. US personal consumption expenditure accounts ...

Chief economist update: US consumer power

BENJAMIN ONG  |  MONDAY, 25 NOV 2019
... when the Index was above 100.0 for 34 out of 36 months from January 1998 to December 2000, averaging 106.0." "Personal spending will be energized by record favorable evaluations by consumers of their personal financial situation, with gains expected ...

350 tax practitioners under investigation

ELIZABETH MCARTHUR  |  WEDNESDAY, 17 JUL 2019
... suspension came about as a result of indications the tax practitioner had engaged in conduct that suggested personal spending on cars, holidays and dining expenses over the repayment of tax obligations.

Chief economist update: Glass half-full or US recession on the way?

BENJAMIN ONG  |  WEDNESDAY, 29 MAY 2019
... consumer sentiment index rose to a 15-year high in May which, in turn, encourages greater consumption. Meanwhile, personal spending jumped by 0.9% in the month of March which was the fastest monthly rate of increase since nine and half years (August ...

Chief economist update: US inflation hits target

BENJAMIN ONG  |  MONDAY, 2 JUL 2018
... Income and Outlays report also showed that the Fed got it wrong on consumer spending - that it was "picking up" - personal spending increased by a mere 0.2% in the month of May (the weakest since February's 0.1% fall and the third straight month ...

Consumer-powered

BENJAMIN ONG  |  TUESDAY, 31 JAN 2017
... represented an acceleration from the previous month's 0.2% gain. The year-on-year comparison is much more impressive. Personal spending jumped by 4.5% in the year to December the fastest rate since November 2014. This is despite the modest growth in ...

Economic Wrap

BENJAMIN ONG  |  TUESDAY, 1 NOV 2016
... September from 0.4% in the previous month and income from current transfer receipts eased to 0.1% from 0.4%. US personal spending rebounded by 0.5% in the month of September - the fastest rate in three months - following a 0.1% dip in August. As for ...
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