consumer sentiment

Elliot Clarke

This week's update focuses on Westpac-MI consumer sentiment for March and the ECB's March meeting. On consumer sentiment, family finances are under pressure, and this is impacting households' willingness to spend and their investment preferences. Perceptions of the housing market look to be stabilising though. In Europe, the ECB met... Show More

Elliot Clarke

In this week's Weekly, Chief Economist Bill Evans discusses the substantial positive impact that the Federal leadership change has had on Consumer Sentiment. This is despite the announced increase in mortgage rates. However, on the horizon is tax change. This week is a quieter week for data, although we will... Show More

Elliot Clarke

Business conditions remained above average in September as confidence reversed its August decline. In contrast, despite improving in October on more favorable political conditions and gains in financial markets, the Westpac-MI consumer sentiment index remained below the 100 benchmark, implying pessimists outnumber optimists. This is the 18th month of the... Show More

Elliot Clarke

This week, with the aid of detail from the Westpac-Melbourne Institute Consumer Sentiment survey, Chief Economist Bill Evans seeks to assess the housing market and the impact it is having on consumer confidence. While expectations of further interest rate relief seem absent, house prices remain a supportive factor for confidence.... Show More

Elliot Clarke

The NAB business survey reported a pullback in business conditions and confidence in July; however, conditions remained above long-run average levels, while confidence was broadly in line. Of the sub-components of conditions, trading conditions and profitability both remain robust, but the employment index is clearly lagging well behind. Turning to... Show More

Elliot Clarke

This week, Chief Economist Bill Evans discusses the policy outlook, with a focus on trend growth; the unemployment rate; and the consequences for rates. The July Westpac-MNI Chinese Consumer Sentiment report will give a clear read on the implications of recent equity market declines for Chinese households. And over in... Show More

Elliot Clarke

The take out from last week's Q1 GDP report was the weakness apparent in household consumption. Combined with the poor 2015/16 Capex print the week before, the GDP report highlighted that the risks to the outlook for the Australian economy and the RBA policy outlook are to the downside. Key... Show More