CommBank Household Spending Insights April 2024
CommBank Global Economic & Markets Update podcast
by cbaresearchpodcast
3d ago
The CommBank Household Spending Insights (HSI) fell by 1% in April and annual growth also softened, down to just 2.6%, from 3.9%/yr in March. In this podcast, Belinda Allen, Senior Economist, and Stephen Halmarick, Chief Economist discuss the April results and the new additions to the HSI this month. For April, Food & beverage goods, Hospitality, Recreation and Transport all recorded falls. While Education, Utilities, Motor vehicle and Insurance recorded gains. From this month, a subset of the HSI data is used to breakdown spending by home ownership status; owner out rights, home owner wit ..read more
Visit website
Economics Weekly - RBA holds, waiting for wages and labour force data
CommBank Global Economic & Markets Update podcast
by cbaresearchpodcast
6d ago
In this podcast, Senior Economist Belinda Allen sits down with Economist Stephen Wu to discuss a busy last week for the Australian economy and financial markets. They cover last week’s May RBA Board Meeting and the fall in retail trade volumes. They also preview an important week ahead with wages and labour force data due, and the 2024/25 Federal Budget on Tuesday night.   ------ DISCLAIMER ------ Before listening to this podcast, you are advised to read the full Global Economic & Markets Research (GEMR) disclaimers which can be found at www.commbankresearch.com.au. Information in thi ..read more
Visit website
CommBank Household Spending Insights March 2024
CommBank Global Economic & Markets Update podcast
by cbaresearchpodcast
1M ago
In this edition of the podcast, Belinda Allen, Senior Economist and Stephen Halmarick, Chief Economist discuss the subdued results of the March CommBank Household Spending Insights series. An early Easter boosted Food & beverage goods spending and higher petrol prices boosted Transport spending. Recreation and Household goods spending was weak. The upcoming Budget and the latest RBA Minutes were also discussed in light of the impact on the consumer.   ------ DISCLAIMER ------   Before listening to this podcast, you are advised to read the full Global Economic & Markets Resear ..read more
Visit website
New Vehicle Efficiency Standard (NVES): A change for the light vehicle market?
CommBank Global Economic & Markets Update podcast
by cbaresearchpodcast
2M ago
Media coverage in the past month have highlighted diverging views towards the Government’s New Vehicle Efficiency Standard (NVES).  The NVES will, for the first time in Australia’s history, set tailpipe emission targets for new light vehicles sold in Australia.  Indeed, the NVES will send a strong signal that Australia will prioritise low-emissions vehicles.  But what are the likely short-term impacts and how does it all work?  To answer these questions, John Oh, Sustainable Economist and Dennis Voznesenski, Agricultural Economist, sit down to discuss the findings of the la ..read more
Visit website
A guidebook to finding hot spots in Scope 3 greenhouse gas emissions
CommBank Global Economic & Markets Update podcast
by cbaresearchpodcast
2M ago
Introduction to mandatory climate reporting in Australia could mean large businesses would need to estimate and report scope 3 emissions.  What are scope 3 emissions? And how do they differ by industry? To answer these questions, John Oh, Sustainable Economist and Joseph Capurso, Head of International and Sustainable Economics sit down to discuss their latest note ‘A guidebook to finding hot spots in Scope 3 greenhouse gas emissions’.   ------ DISCLAIMER ------ Before listening to this podcast, you are advised to read the full Global Economic & Markets Research (GEMR) disclaimers ..read more
Visit website
CommBank Household Spending Insights February 2024
CommBank Global Economic & Markets Update podcast
by cbaresearchpodcast
2M ago
February 2024 showed further evidence of a slowdown in consumer spending according to the CommBank Household Spending Insights series. A fall of 0.3%/mth occurred in February, with the peak in the index occurring in November 2023. There was evidence of a Taylor Swift, and other musical acts induced lift in spending with parts of Recreation and Hospitality seeing a strong increase. However other essential parts of the spending basket continue to lift, including Utilities and Health. Stephen Halmarick, Chief Economist, and Belinda Allen, Senior Economist discuss the results and touch of the Q4 2 ..read more
Visit website
CommBank Household Spending Insights January 2024
CommBank Global Economic & Markets Update podcast
by cbaresearchpodcast
3M ago
The CommBank Household Spending Insights shows a solid lift of 3.1% in seasonally adjusted terms over January 2024. The last three months of spending has been volatile, due to shifting summer spending patterns. Overall though the HSI shows spending running at 3.6%/yr, which when taking into account inflation and population growth suggests spending is weak on a real per capita basis. Stephen Halmarick, Chief Economist, and Belinda Allen, Senior Economist discuss the results and other trends evident in the data and how we expect spending to be volatile over this period.   ------ DISCLAIMER ..read more
Visit website
Our updated global economic outlook
CommBank Global Economic & Markets Update podcast
by cbaresearchpodcast
3M ago
In our latest podcast Joseph Capurso, Kristina Clifton and Carol Kong from the International and Sustainable Economics team discuss our updated outlook for the major economies and their central banks.  We now predict the FOMC will pull off a ‘soft landing’ in the US economy.  Japan, Canada, the Eurozone and the UK will skirt close to recession in 2024.  Meanwhile, China is expected to keep growing by ‘around 5%’.  We expect all central banks under our coverage, with the exception of Japan, to cut interest rates this year.    ------ DISCLAIMER ------ Before listeni ..read more
Visit website
The Australian economy in 2024
CommBank Global Economic & Markets Update podcast
by cbaresearchpodcast
4M ago
In our latest podcast the Australian Economics team run through a detailed outlook for the Australian economy over 2024. Gareth Aird, Belinda Allen, Stephen Wu and Harry Ottley discuss GDP, the RBA, inflation, wages, the labour market, home prices, investment and housing construction. We expect GDP growth to run below trend in 2024 and for the unemployment rate to grind higher. Our base case is the first RBA rate cut in September which should support growth and will be a tailwind on home prices later in 2024. Inflation is also expected to cool over the year to be at the top of the RBA’s target ..read more
Visit website
Electric vehicle charging: Opportunities & challenges 2023
CommBank Global Economic & Markets Update podcast
by cbaresearchpodcast
5M ago
In our latest podcast, Joseph Capurso, Head of International Economics and Sustainable Economics, and John Oh, Sustainable Economist discuss some of the opportunities and challenges for electric vehicle charging in Australia.  The build out of electric vehicle charging looks different within and outside the major capital cities.  Inside the major cities, home and work places will provide significant charging for EV drivers.  Renters and apartment dwellers are segments of the population that will rely on public electric vehicle charging.  Outside the major capital cities, th ..read more
Visit website

Follow CommBank Global Economic & Markets Update podcast on FeedSpot

Continue with Google
Continue with Apple
OR