Consumer confidence

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Treasurer Joe Hockey must weigh all aspects of Australia’s economy in his budget. AAP/Lukas Coch

Budget explainer: the forces influencing Australia’s economy

As we head into the federal budget tonight, all eyes will be on how the Coalition government might tackle some challenging economic data affecting Australia's economy.
Business confidence is largely based on gut-feel, but the good news is, it can be manipulated. Image sources from www.shutterstock.com

An economist’s guide to business and consumer confidence

It would seem odd that the guesses of a random collection of people inform economic policy. But there's more to consumer sentiment than that.
Australia’s consumers are about to feel the pinch. Dan Peled/AAP

The Aussie dollar at US75 cents: good or bad?

In an interview with the Australian Financial Review last week, Reserve Bank Governor Glenn Stevens suggested the Australian dollar might fall to US75 cents in 2015. And he intimated that it wouldn’t be…
Christmas is unlikely to come early this year for retailers as consumers bunker down and pay off household debt. Dan Himbrechts/AAP

Sorry Joe, consumer spending will disappoint Santa this Christmas

Treasurer Joe Hockey called on shoppers this week to “not let Santa down” and asked them to spend up big at the stores this Christmas. Unfortunately, the latest retail and consumer confidence data indicate…
Woolworths SA chief Ian Moir announced a proposal for the South African retailer to acquire David Jones in Sydney yesterday. AAP/Daniel Munoz

Who is the South African retail giant behind the David Jones bid?

Yesterday morning came the news South African retailer Woolworths had offered $4 a share to acquire David Jones, a proposal that has the approval of the department store’s board. This offer, worth an estimated…

Consumer confidence weak despite rate cuts

The survey of 1200 people by Westpac and the Melbourne Institute produced “another disappointing result”, said Westpac’s…
In the frame: David Jones has fallen victim of slumping consumer confidence - but is it warranted?

Are doubts about consumer confidence justified?

Consumer confidence has fallen by 8.3% to its lowest level in two years, according to the Westpac-Melbourne Institute Consumer Sentiment Index. The drop has been connected to speculation about the impact…

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