Consumer spending will increase in the second half of 2005
Jun 14th 2005, 1:11 am
#1
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Consumer spending will increase in the second half of 2005
An article in The Age today:
Some snippets here:
Consumer spending will increase in the second half of 2005 because of strong employment, tax cuts and stable interest rates, analysts say.
"From a consumer standpoint, there's little to be glum about," Mr James said.(Commonwealth Securities senior analyst Craig James )
"Everything is in favour of the consumer . . . once they realise interest rates are stable, wages are rising faster than prices and the job market is strong, they will open their wallets more widely for the rest of the year. The only thing that consumers would be fretting about is the high price of petrol."
Mr James said the fall of growth rates from the "super-strong level" of 8 per cent to the "more sustainable level" of 4 per cent meant consumers were getting genuine bargains.
"The employment market is super strong, unemployment is at fresh 28-year lows and the strength of job ads suggests that employment is going to rise even further in the coming months."
Macquarie Bank senior economist Brian Redican said that although he expected retail sales to weaken further, there were still positives underpinning the sector.
Some snippets here:
Consumer spending will increase in the second half of 2005 because of strong employment, tax cuts and stable interest rates, analysts say.
"From a consumer standpoint, there's little to be glum about," Mr James said.(Commonwealth Securities senior analyst Craig James )
"Everything is in favour of the consumer . . . once they realise interest rates are stable, wages are rising faster than prices and the job market is strong, they will open their wallets more widely for the rest of the year. The only thing that consumers would be fretting about is the high price of petrol."
Mr James said the fall of growth rates from the "super-strong level" of 8 per cent to the "more sustainable level" of 4 per cent meant consumers were getting genuine bargains.
"The employment market is super strong, unemployment is at fresh 28-year lows and the strength of job ads suggests that employment is going to rise even further in the coming months."
Macquarie Bank senior economist Brian Redican said that although he expected retail sales to weaken further, there were still positives underpinning the sector.
Jun 14th 2005, 1:41 am
#2
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Joined: Mar 2003
Posts: 4,432
Re: Consumer spending will increase in the second half of 2005
Originally Posted by ABCDiamond
An article in The Age today:
Some snippets here:
Consumer spending will increase in the second half of 2005 because of strong employment, tax cuts and stable interest rates, analysts say.
"From a consumer standpoint, there's little to be glum about," Mr James said.(Commonwealth Securities senior analyst Craig James )
"Everything is in favour of the consumer . . . once they realise interest rates are stable, wages are rising faster than prices and the job market is strong, they will open their wallets more widely for the rest of the year. The only thing that consumers would be fretting about is the high price of petrol."
Mr James said the fall of growth rates from the "super-strong level" of 8 per cent to the "more sustainable level" of 4 per cent meant consumers were getting genuine bargains.
"The employment market is super strong, unemployment is at fresh 28-year lows and the strength of job ads suggests that employment is going to rise even further in the coming months."
Macquarie Bank senior economist Brian Redican said that although he expected retail sales to weaken further, there were still positives underpinning the sector.
Some snippets here:
Consumer spending will increase in the second half of 2005 because of strong employment, tax cuts and stable interest rates, analysts say.
"From a consumer standpoint, there's little to be glum about," Mr James said.(Commonwealth Securities senior analyst Craig James )
"Everything is in favour of the consumer . . . once they realise interest rates are stable, wages are rising faster than prices and the job market is strong, they will open their wallets more widely for the rest of the year. The only thing that consumers would be fretting about is the high price of petrol."
Mr James said the fall of growth rates from the "super-strong level" of 8 per cent to the "more sustainable level" of 4 per cent meant consumers were getting genuine bargains.
"The employment market is super strong, unemployment is at fresh 28-year lows and the strength of job ads suggests that employment is going to rise even further in the coming months."
Macquarie Bank senior economist Brian Redican said that although he expected retail sales to weaken further, there were still positives underpinning the sector.
