Westpac Economics Weekly Update
Elliot Clarke
Westpac
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 rate to 5.7%. For the RBA, it is 'meaningfully' below 6% and (at the margin) trending down. In the US, the latest inflation data gives the FOMC many a point to ponder.
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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 management of financial institutions and linkages between the finance sector and the real economy are key areas of focus.
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Elliot Clarke
Senior Economist
Westpac
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...
Expertise
No areas of expertise
Elliot Clarke
Senior Economist
Westpac
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...
Expertise
No areas of expertise
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