Posts related to Australian consumer
16 June 2011 - Australian economy update – is the RBA serious about raising rates?
The latest new motor vehicle sales provide further confirmation that the Australian ex-mining economy is struggling: Still the RBA has gone to great lengths to express their concern about an Australian economy that is, in their view, operating close to its limits. From Glenn Stevens latest speech (here): As of today, measures of capacity utilisation [...]
02 June 2011 - Australian Retail Trade up 1.1% in April 2011 – is that good?
From the ABS (here): The latest ABS Retail Trade figures show that Australian retail turnover rose 1.1% in April 2011, seasonally adjusted, following a fall of 0.3% the previous month. Turnover rose in Food retailing (0.9%), Other retailing (2.0%), Department stores (3.6%), Household goods retailing (0.7%) and Clothing, footwear and personal accessory retailing (1.2%). Turnover [...]
16 May 2011 - Australian update – the consumer has left the building
The cascade of unruly data points must be beginning to worry those in charge with steering the Australian economy. Today’s releases – housing finance (here) and new motor vehicle sales (here) – both confirm that middle Australia is feeling the pinch. First to the good news – the absolute number of home loans was up [...]
05 May 2011 - Australian economy update – a return of the conservative consumer
The latest house price index data (here) has at last confirmed that the laws of physics do apply to the Australian housing market: While the commodity boom may have benefited the few that work in the industry, the balance of the Australian economy has been struggling along with tightening credit and rising consumer prices. With [...]
21 January 2011 - Australian consumer update – tightening that belt
Turning to Australian consumer spending, the data suggests that the recent fall in consumer confidence (here) is not an outlier event. So while new motor vehicle sales have recovered the magic million mark (from the ABS here): The trend is sales volumes has turned decidely southward: Perhaps more poignant for the state of the consumer [...]