Westpac Economics Weekly Video Update

Elliot Clarke


The focus this week has been on our Westpac–MNI China Consumer Sentiment survey and investment partial data ahead of next week's Australian Q3 GDP release. In China, households' perceptions of the business environment improved in November following October's decline. Discretionary spending indicators also improved as views on housing remained sanguine. The labour market remains a clear concern. In Australia, construction and CAPEX investment both disappointed in Q3, but CAPEX intentions for 2015/16 improved somewhat – a positive for the 2016 investment outlook. Next week, the RBA and ECB meet; Australian Q3 GDP is released; and the November US employment report prints.

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Elliot Clarke
Elliot Clarke
Senior Economist

An Economist based in Sydney Australia with a particular interest in macro-financial analysis of the Australian and global economy. Having spent a number of years with the Reserve Bank of Australia and Westpac Economics, monetary policy, the...


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