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Household Spending Intentions April 2023
Manage episode 362782645 series 2974316
The CommBank Household Spending Intentions (HSI) index for April 2023 declined by 4.3%/mth in original terms, led lower by Home buying, Health & fitness, Transport and Household services. The weakness in April was partly driven by seasonal factors, ie. less trading days on the month due to the public holidays, but in seasonally adjusted terms the HSI index was also slightly down. In this podcast Stephen Halmarick, Chief Economist and Belinda Allen, Senior Economist dive into the details and note the continued fall in the pace of annual growth. Given the material lift in interest rates over the past year, a further slowdown in consumer spending is expected from here.
------ DISCLAIMER ------
Before listening to this report, you are advised to read the full Global Economic & Markets Research disclaimers, which can be found at www.commbankresearch.com.au. Information in this podcast is of a general nature only. It does not take into account your objectives, financial situation or needs and does not constitute personal financial advice. This report provides general market-related information, and is not investment research and nor does it purport to make any recommendations. The information contained in this report is approved and distributed by Global Economic & Markets Research, a business division of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (“the Bank”). The information is solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or other financial instruments. It does not constitute a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual clients. The data used in the ‘Commonwealth Bank Household Spending Intentions’ series is a combination of the CBA Data and publically available Google Trends™ data. Any reference to the term ‘CBA data’ means the proprietary data of the Bank. As the statistics take into account only the Bank’s data, it may not reflect all trends in the market. All customer data used or represented is anonymised and aggregated before analysis and is used, and disclosed, in accordance with the Bank’s Privacy Policy. The Bank believes that the information in this presentation is correct and any opinions, conclusions or recommendations made are reasonably held and are based on the information available at the time of its compilation. The Bank makes no representation or warranty, either expressed or implied, as to the accuracy, reliability or completeness of any statement made.
103 episodes
Manage episode 362782645 series 2974316
The CommBank Household Spending Intentions (HSI) index for April 2023 declined by 4.3%/mth in original terms, led lower by Home buying, Health & fitness, Transport and Household services. The weakness in April was partly driven by seasonal factors, ie. less trading days on the month due to the public holidays, but in seasonally adjusted terms the HSI index was also slightly down. In this podcast Stephen Halmarick, Chief Economist and Belinda Allen, Senior Economist dive into the details and note the continued fall in the pace of annual growth. Given the material lift in interest rates over the past year, a further slowdown in consumer spending is expected from here.
------ DISCLAIMER ------
Before listening to this report, you are advised to read the full Global Economic & Markets Research disclaimers, which can be found at www.commbankresearch.com.au. Information in this podcast is of a general nature only. It does not take into account your objectives, financial situation or needs and does not constitute personal financial advice. This report provides general market-related information, and is not investment research and nor does it purport to make any recommendations. The information contained in this report is approved and distributed by Global Economic & Markets Research, a business division of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (“the Bank”). The information is solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or other financial instruments. It does not constitute a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual clients. The data used in the ‘Commonwealth Bank Household Spending Intentions’ series is a combination of the CBA Data and publically available Google Trends™ data. Any reference to the term ‘CBA data’ means the proprietary data of the Bank. As the statistics take into account only the Bank’s data, it may not reflect all trends in the market. All customer data used or represented is anonymised and aggregated before analysis and is used, and disclosed, in accordance with the Bank’s Privacy Policy. The Bank believes that the information in this presentation is correct and any opinions, conclusions or recommendations made are reasonably held and are based on the information available at the time of its compilation. The Bank makes no representation or warranty, either expressed or implied, as to the accuracy, reliability or completeness of any statement made.
103 episodes
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