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Credit card spending stuck in reverse

Credit card spending stuck in reverse
macrobusiness.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from macrobusiness.com.au Daily Mail and Mail on Sunday newspapers.

Westpac Card Tracker ,

Australian consumers have stopped spending

Australian consumers have stopped spending
macrobusiness.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from macrobusiness.com.au Daily Mail and Mail on Sunday newspapers.

Household Spending Insights , Westpac Card Tracker , Reserve Bank ,

Cliff Notes: Confidence Over Inflation Requires More Time

In Australia, partial updates on consumption came in on the softer side. Growth in nominal retail sales turned negative in March, down –0.4% (0.8%yr), the decline broad-based across sectors, with food retailing the only segment to record a gain. Downward revisions to prior months also weighed on Q1’s nominal result, leaving it materially below expectations at just 0.2%. Based on data from the Q1 CPI, prices look to be offering nominal growth less support, with outright price declines observed across clothing and several consumer durables in recent months. ....

New South Wales , Westpac Card Tracker , Red Book , Cyclone Lincoln , Chair Powell ,

Week Ahead Preview - highlights include US PCE, Aus CPI, Riksbank

The Fed's preferred gauge of inflation is the highlight; Aus CPI, and Tokyo CPI metrics are also due in the holiday shortened-week ....

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Newsquawk Week Ahead: US PCE, ISM mfg. PMI, RBNZ, EZ, Australia and Japan CPI

Next week's highlights include PCE data from the US, as well as the ISM Manufacturing PMI and CPI reports from the Eurozone, Australia and Japan, alongside the RBNZ rate decision ....

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