Westpac’s Post

𝐀𝐮𝐬𝐭𝐫𝐚𝐥𝐢𝐚𝐧 𝐁𝐫𝐨𝐤𝐞𝐫 𝐍𝐞𝐰𝐬 - Global and domestic markets showed signs of resilience last week, as outlined in Westpac's latest economic insights. The latest Westpac-MI Consumer Sentiment Survey delivered an encouraging update, with a remarkable 11.8% rebound over two months. The headline index now sits at 94.6, its highest level in over two-and-a-half years, close to a neutral reading. Forward-looking measures showed strong improvements, with views on the economy for the year ahead up 23% and family finances rising 7.3%. However, current measures, including “family finances versus a year ago,” remain historically weak. 𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞: https://lnkd.in/gcFGNj3q Visit myhomemortgages.com.au to learn more.

After some particularly rotten economic data in June, a mostly better set of indicators for July has us on bounce-back watch. We see two possible reasons for why activity took such a dive in the middle of the year - the natural lags in the transmission of the 2021-23 tightening cycle, or pessimism among households and businesses that interest rate relief wouldn't be coming for a while. How people respond to the just-started easing cycle will tell us which of these hypotheses is closer to the mark. See our latest Weekly Economic Commentary for more. Westpac New Zealand Kelly Eckhold Satish Ranchhod Michael Gordon Darren Gibbs Paul Clark

📈 Despite inflation concerns, Aussies' consumer confidence is inching up! The latest survey data from Westpac shows a slight increase in June, but still remains negative. Learn more about the factors influencing consumer sentiment and economic outlook in this insightful article, featuring insights from Anneke Thompson, Chief Economist at CreditorWatch 👇 ------------- Stay informed on the latest economic trends and insights - join our free newsletter for daily updates: 🆓 https://lnkd.in/gev_UBwT 🆓 ------------- #ConsumerConfidence #InflationWorries #EconomicOutlook #Australia #Economy

https://lnkd.in/eXhvPNqA The observation captured by this quote continues to fascinate me: “Perceptions don’t always match reality and we think the fundamental backdrop remains strong enough to keep consumers spending,” said Oren Klachkin, an economist at Nationwide Financial, in a research note. “Rising incomes offer a healthy offset and will prevent consumer outlays from retrenching on a sustained basis.” People I speak with tend to say their #portfolios have performed well lately, even when taking #risk into account. Yet so many have a sour view concerning the #economy. #cycles #assetmanagement #cpi

Want to hear why it seems like the market is ignoring economic data? Our Chief Economist Bill Adams spoke with CNBC's The Exchange about interest rate cuts and more. Watch the full segment: https://bit.ly/4fu5CfS #CNBC #ComericaBank #TheFed #RateCuts

Our latest survey reveals that consumers are less worried about their finances than last quarter, because of lower inflation and recent interest rate cuts. Read more results: https://bit.ly/3NnlcxX #cdnecon #economy #EconomicTrends

Want to hear why it seems like the market is ignoring economic data? Our Chief Economist Bill Adams spoke with CNBC’s The Exchange about interest rate cuts and more. Watch the full segment: https://bit.ly/4fu5CfS #CNBC #ComericaBank #TheFed #RateCuts

Want to hear why it seems like the market is ignoring economic data? Our Chief Economist Bill Adams spoke with CNBC’s The Exchange about interest rate cuts and more. Watch the full segment: https://bit.ly/4fu5CfS #CNBC #ComericaBank #TheFed #RateCuts

Want to hear why it seems like the market is ignoring economic data? Our Chief Economist Bill Adams spoke with CNBC’s The Exchange about interest rate cuts and more. Watch the full segment: https://bit.ly/4fu5CfS #CNBC #ComericaBank #TheFed #RateCuts

Want to hear why it seems like the market is ignoring economic data? Our Chief Economist Bill Adams spoke with CNBC's The Exchange about interest rate cuts and more. Watch the full segment: https://bit.ly/4fu5CfS #CNBC #ComericaBank #TheFed #RateCuts