Spending growth extends into the fourth year

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Commonwealth Bank Business Sales Index Economy-wide spending grew at “normal” pace in August, moving the sales expansion into the fourth year. The Commonwealth Bank Business Sales Indicator (BSI) – a measure of economy-wide spending – rose by 0.5 per cent in trend terms in August – in line with the long-term average growth pace. Sales

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Consumer confidence hits 13-week high

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Weekly Consumer Confidence; Reserve Bank Governor Speech Consumer confidence rebounds: The ANZ-Roy Morgan Consumer Confidence Rating rose by 4.4 per cent to a 13-week high of 113.5 in the week to July 20. Since 1973, the average confidence reading in July has been 106.2. Reserve Bank Governor Speech: The Reserve Bank Governor, Glenn Stevens, has delivered a

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CBA Economics: Consumer sentiment falls to its lowest level since May last year

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Consumer Sentiment – February 2014 Consumer sentiment fell by 3% in February to its lowest level since May last year. Sentiment declined for a third month in a row as expectations of further RBA interest rate cuts dissipated. A soft jobs market is also weighing on consumer sentiment.  The Unemployment Expectations Index rose by 2.3%

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CBA Economics: Home owners drive consumer sentiment higher

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Consumer Sentiment – November 2013 Consumer sentiment rose by 1.9% in November to be 5.8% higher than a year ago. Sentiment is around its three year high. Low mortgage rates, strong house and share price growth, and an elevated currency are keeping consumer confidence buoyant. Confidence amongst renters, however, has dipped due to rising property

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Consumer sentiment at its highest level since March 2013

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Consumer sentiment rose by 3.5% in August to be 9.4% higher than a year ago Sentiment was buoyed by the RBA’s latest rate cut, which occurred at the time the consumer survey was taken. But a host of other positives were evident over the month – local shares and house prices moved higher, the unemployment

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Property back in favour, while personal finance outlook down

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In the latest survey concerning the wisest places to put new savings, 25 per cent of respondents said “real estate”, up sharply from just over 18 per cent in the preceding quarter’s survey. However, Aussie consumers still gloomy.  The Westpac/Melbourne Institute index of consumer confidence rose by just 0.3 per cent in June to a

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Confidence levels pick up

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The Westpac/Melbourne Institute index of consumer confidence rose by 4.1 per cent in February to a reading of 101.1. Sentiment levels are still down 5.2 per cent on a year ago. While the 12-month rolling average of the consumer sentiment index hit a 28-month low of 98.9 in February. The decision by the Reserve Bank

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What will it take to cheer up Aussie consumers?

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Aussie consumers are still moderately pessimistic…the Westpac/Melbourne Institute index of consumer confidence rose by 2.4 per cent in January to a reading of 97.1 and sentiment levels are still down 7.2 per cent on a year ago. The 12-month rolling average of the consumer sentiment index hit a 27-month low of 99.4 in January. Car sales

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Construction lending hits two year low

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Consumer sentiment; Housing finance Lending to build new homes slumped in January. Loans to build homes fell by 9.4 per cent in January to their lowest level in two years. Loans for the purchase of newly erected dwelling slumped by 13.5 per cent – marking the biggest monthly fall in seven years. Overall, the value

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Investor Signposts: Week Beginning March 6 2011

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The big picture The Reserve Bank Governor isn’t one to gloat. But you can certainly sense from the latest interest rate decision that Glenn Stevens is pretty pleased with the state of the economy. Of course it is not just the Governor that can take credit for our laudable circumstances, it is the Reserve Bank

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