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Consumer confidence

November

Despite the lift in sentiment, households may need to wait another seven months before receiving mortgage relief.

Consumer confidence hits 2½-year high as rate rise fears ease

Despite the lift in sentiment, households may need to wait another seven months before receiving mortgage relief.

  • Michael Read
US spending shows a healthy economy.

Key US inflation gauge and spending pick up in solid economy

The figures cap a month of upside surprises in vital reports that will likely augur a cautious approach to interest rate cuts in the months ahead.

  • Matthew Boesler

October

The US economy is growing ahead of the presidential election next week.

US economy expands on the back of consumer resilience

Inflation-adjusted GDP grew by 2.8 per cent while consumer spending advanced 3.7 per cent, the most since early 2023.

  • Matthew Boesler
Melbourne CBD from Albert Park Lake in August.

Fears for Victoria as economy ‘diverges from other states’

Victoria has fallen behind the rest of the country across a range of economic indicators including for house prices, spending and business conditions as economists warn of a “clear divergence” from other states.

  • Patrick Durkin and Gus McCubbing
Bourke Street was virtually empty during lockdown in Melbourne in 2020.

Victoria slumps for business, as execs warn: ‘It’s really struggling’

CSL chairman Brian McNamee and former NAB CEO Ross McEwan warn that the state is in financial peril, as new business starts fell behind the rest of the country.

  • Gus McCubbing and Patrick Durkin
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September

President Xi Jinping needs to step in to save China’s economy from falling into a deflationary spiral.

China’s stimulus no bazooka, but urgency has arrived

China’s efforts to stimulate its economy this week were welcomed and the fight against a slowing economy appears to be on.

  • Jessica Sier

June

Financial markets are confident the US Federal Reserve will cut interest rates earlier than thought.

Upbeat markets price in rate cut as US inflation eases

US President Joe Biden welcomed the news of falling inflation but said more needed to be done to reduce the cost of living.

  • Updated
  • Matthew Cranston

May

A surprising number of people say they are unaware of the stage three tax cuts.

Tax cut ‘surprise’ could pump $10b back into economy

A surprisingly large number of people are unaware of the stage three tax cuts, which may make them more likely to spend their share of $23 billion, adding pressure to inflation.

  • Michael Read

April

Bridge Road in Richmond was once a  shopping hotspot but has become a ‘ghost town’, according to local retailers.

The Melbourne shopping hotspot that became a ‘ghost town’

Businesses on Bridge Road in Richmond, which has a whopping 15.5 per cent vacancy rate, fear an insolvency snowball effect.

  • Gus McCubbing and Larry Schlesinger

Markets cut rate cut bets as US inflation rises to 3.5pc

Stubborn inflation driven by fuel and rent has raised concerns of a resurgence in consumer prices and slashed expectations the Fed Reserve will start cutting rates in June.

  • Updated
  • Matthew Cranston

March

Taylor Swift fans each spent an average of $37 on apparel ahead of her Sydney and Melbourne shows.

Swift Lift: Domestic travellers splashed $170m during Taylor’s tour

The average interstate and regional concert-goer spent $500 including $37 on clothing and accessories and another $120 on attractions.

  • Samantha Hutchinson

February

US CPI was hotter than expected.

Hotter than expected US CPI boosts chances of Fed hold

With inflation still well above the Federal Reserve’s 2 per cent target level, financial markets are betting that the central bank will keep rates steady.

  • Matthew Cranston
Households have continued to pull back on spending for non-essential items as inflation and interest rates bite.

Amazon economists say they can spot a recession in real time

Two economists at the tech giant say they have a model that allows them to identify a recession in the US and Europe.

  • Alex Tanzi

January

VB is in and sushi is out despite prices easing

The boss of Australia’s largest independent retailer says that while easing inflation will allay rate hike fears, premium products still aren’t selling.

  • Gus McCubbing
Supply constraints are among business leaders’ top concerns for 2024.

‘Akin to a recession’: business braces for slowing economy

An estimated 40 per cent of leaders expect conditions to be weaker this year, thanks to uncertainty, ongoing supply side constraints and weakening demand.

  • Patrick Durkin
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November 2023

There has been a slowdown at malls and retailers serving the upper middle class.

Is the US heading for a recession? Watch the rich on Black Friday

The upper middle class powered a spending boom that kept the economy afloat, but there are increasing signs of a slowdown.

  • Leslie Patton
NAB’s Rachel Slade: “the Reserve Bank has a tough job trying to get inflation under control and avoid a hard landing.”

NAB says borrowers will take next rate rise in their stride

Borrowers will be in the spotlight this week with Westpac’s results on Monday, and a possible Reserve Bank rate rise on Tuesday.

  • James Eyers

October 2023

People visit a section of the Great Wall during the National Golden Week holiday. Authorities were hoping for a bigger pick-up in activity.

China data show slower-than-expected boost from Golden Week

The comparatively soft figures add to recent evidence that while some sectors are on the mend, the broader economy is still far from roaring back.

  • Daniela Wei

August 2023

Helloworld joins Flight Centre, Ardent Leisure and Corporate Travel Management in upgrading earnings.

Helloworld joins the travel sector in upgrading guidance

Another travel stock defies the cost-of-living crisis, increasing its earnings guidance on better-than-expected demand for leisure travel.

  • Ayesha de Kretser

July 2023

Spending by home borrowers on non-essential items such as clothing and travel has plunged to the lowest level on record as interest rates rise.

Rates pause gives no respite from shopping gloom

Sentiment among borrowers has plunged to its lowest level on record as economists warn households will need to cut back to cope with more interest rate rises.

  • Michael Read

Original URL: https://www.afr.com/topic/consumer-confidence-1mpi