westpac

Westpac Australia & NZ Weekly 30 May 2016

Elliot Clarke

This week the focus is on Australian Q1 GDP; the ECB; and finally come Friday, on nonfarm payrolls in the US. The weekly essay in this edition covers off on our expectations for Australian GDP. https://wibiq.westpac.com.au/wibiqauthoring/_uploads/file/Australia/2016/May/WestpacWeekly20160530.pdf Show More

Westpac Economics Weekly Update

Elliot Clarke

Australian consumer sentiment was disappointing in April, the index falling 4% to 95, materially below the 100 optimist/pessimist divide. Family finances and economic expectations both deteriorated, and there was clear evidence of concerns regarding housing affordability. On the labour market, the key result was the marginal improvement in the unemployment... Show More

Westpac Australia & NZ Weekly

Elliot Clarke

This week, the focus will well and truly be on the FOMC as they raise rates for the first time in almost a decade. With the decision widely expected, it will be the tone of the statement and press conference which will dictate the market's reaction. Ahead of the meeting,... Show More

Westpac Australia & NZ Weekly

Elliot Clarke

In this week's weekly, Chief Economist Bill Evans takes a look back at Q3 GDP and discusses an adjustment to our AUD profile for the year ahead. Updates on consumer and business confidence and the Australian Chamber Westpac survey of industrial trends will be the focus. https://wibiq.westpac.com.au/wibiqauthoring/_uploads/file/Australia/2015/December/WestpacWeekly20151207.pdf Show More

Westpac Economics Weekly Video Update

Elliot Clarke

It certainly has been an eventful week. Changes to the RBA post-meeting statement were negligible, emphasising that the RBA is firmly on hold while waiting to see what 2016 will bring. Australian GDP provided mixed signals. Abstracting from the substantial negative impact of mining investment, domestic demand detail was constructive... Show More

Westpac Australia & NZ Weekly

Elliot Clarke

This week, Westpac Chief Economist Bill Evans considers the risks to the RBA's terms of trade outlook which is critical for national income and consequently end demand. While not our forecast, another substantial fall in national income would put at risk the RBA's 3.0% 2016 growth expectation, and open the... Show More

Westpac Economics Weekly Video Update

Elliot Clarke

This week saw positive updates on consumer sentiment and the labour market. Together they give the RBA strong justification to remain on hold and await further information on the health of the domestic and global economy come 2016. The November Westpac-MI Consumer Sentiment release provided a number of interesting contrasts:... Show More