Tag Archives: consumerconfidence

Consumer confidence indicators are very concerning

As always it’s important not to read too much into one piece of data, and generally I’ve been optimistic about the Australian economy and even more so about the Queensland economy over 2022-23, but the latest consumer confidence figures are … Continue reading

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The indicators look great, but the recovery is very uneven across the economy

In the vicinity of my office at the Johnson Hotel on Boundary St, Spring Hill, I see the ongoing impacts of the pandemic on the economy. The hotel restaurant-cafe Tumbling Stone hasn’t reopened since it shut in March last year, … Continue reading

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Aussies over-confident after being over-compensated by Gov’t for COVID-recession

Today we learned that, as Reuters reports, Australia consumer sentiment hits 10-year high (see chart above). This is despite Chinese trade restrictions and the looming insolvency tsunami in the new year and the fiscal cliff in April 2021. Sure, given … Continue reading

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Australia’s upcoming mini-Budget

Australian Treasurer Josh Frydenberg will hand down a mini-Budget this Thursday, and it’s coming just in time, given the growing concern over the spread of COVID-19 in Victoria and NSW. I recorded a video earlier today with some thoughts on … Continue reading

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The Fast Depression – 10 million newly jobless Americans in just two weeks

It is hard to overstate how rapidly economic conditions are deteriorating in economies affected by coronavirus, most particularly in the United States, which is seeing hitherto unbelievable numbers of people filing for unemployment benefits (see chart below). The 6.6 million … Continue reading

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Consumers and businesses lacking confidence – growth may be even more sub-par

Yesterday’s ANZ-Roy Morgan Consumer Confidence figures show a slump in consumer sentiment, possibly caused by last week’s Federal Budget (see MacroBusiness’s story The epic crash in consumer confidence). The ANZ-Roy Morgan media release notes: ANZ-Roy Morgan Consumer Confidence fell a further … Continue reading

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