In previous interviews Andrew McAuley, Managing Director at Credit Suisse Private Banking Australia, shared some of the positive developments that support his thesis for a recovery in the domestic economy. In this wire, he shares four data points Credit Suisse is monitoring to gain confidence that governments are getting COVID-19 under control and consumers are participating in the economy again. Interestingly, one of them is Apple mobility and driving data.
“That driving data bottomed in the weeks beginning 23 and 29 March depending on the country or region. If you’re driving more, you’re probably getting out and about spending money or going back to work.”
Here, Andrew shares more on the data points that are helping shape Credit Suisse’s view on the economy.
Credit Suisse Private Banking specialises in asset diversification, holistic wealth planning, next generation training, succession planning, trust and estate advisory, philanthropy. For further information on how they can help you, click the contact button below.