BOSTIC: IF INFLATION REACCELERATES, HAVE TO CONSIDER HIKES

MNI BRIEF: Fed's Bostic - Rate Cut Likely At End of Year

MNI BRIEF: Fed Could Wait Until 2025 To Lower Rates - Kashkari

MNI BRIEF: Beijing Opposes U.S. Measures Against Chinese Steel

MNI China Daily Summary: Thursday, April 18

MNI BRIEF: M2 Growth To Slow On Weak Demand - PBOC's Zou

JAPAN MARCH SERVICES PRICES +2.1% Y/Y; FEB +2.2%

MNI JAPAN MARCH CORE CPI +2.6% Y/Y; FEB +2.8%

MNI: FED BALANCE SHEET TOTAL ASSETS -$33B TO $7.406T IN WEEK

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

CBA Card Transactions Point To Resilient Consumer

AUSTRALIA DATA

CBA card transaction data showed that spending eased through to February 17 but it is currently being negatively impacted by Covid-related based effects and so the underlying is currently difficult to ascertain. CBA believes consumption remains resilient but is easing as it normalises after the post-Covid boom.

  • Spending on services continues to drive overall consumption and is currently up about 21% y/y. Recreation and eating out were particularly strong.
  • Goods spending is closer to pre-Covid levels at about 6% y/y but when inflation is taken into account it is probably closer to flat or even negative. Retail is up about 8% y/y.
Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.