Econosights – how much more excess savings do consumers have
This edition of Econosights looks at how much longer households can draw down on savings and what the outlook is for consumer spending.
Tag: consumers
Econosights: Three reasons why Australia is more vulnerable to higher rates | AMP Capital
Econosights: Three reasons why Australia is more vulnerable to higher rates Key points Australian consumers are more vulnerable to interest rate rises compared to our global peers because of : 1) higher levels of household debt; 2) a higher share of variable rate mortgages and even those on fixed-loans only fix for a relatively short period of time; and 3) a large share of recently fixed mortgages are due to expire in the second half …
Econosights: How are consumers responding to higher interest rates? | AMP Capital
Econosights: How are consumers responding to higher interest rates? Key points Consumers are responding to higher interest rates: housing market indicators are slowing (home price declines have accelerated and auction clearance rates are falling), consumer sentiment is weakening and retail spending is slowing. This is the expected consumer response as interest rates rise. The RBA wants to see slowing economic activity to reduce current inflation and inflation expectations. The concern is around too many rate …
China’s consumers swapping Christian Dior for campuses and kangaroos
China’s consumers swapping Christian Dior for campuses and kangaroos Big-ticket acquisitions of Australian resources, office towers and luxury homes by Chinese corporates and billionaires are grabbing headlines. However, it’s the country’s middle class that is powering a spending shift set to benefit Australia longer term, says AMP Capital Chief Economist and Head of Investment Strategy Shane Oliver. “Chinese consumers are showing signs of shifting their focus from status-linked luxury goods like a Christian Dior handbag …