EPISODE · Sep 12, 2023 · 13 MIN
Aussie consumer confidence hit but businesses keep prices up
from NAB Morning Call
Wednesday 13th September 2023NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABThe NAB Business Survey yesterday showed that price growth remained elevated and business conditions rose. NAB’s Ray Attrill says an interesting takeout is the contrast between the resilience showing up in business surveys, against consumer confidence. Even though individual consumer spending is slowing, higher levels of immigration means businesses are still seeing growth and in a position, for now, to pass on costs. It’s a different story n the UK, where wages continue to rise, but markets are lowering their expectations for a hike from the Bank of England this month. Listen in to find out why. And the elephant in the room – the price of oil. Expect to see it reflected in the headline US CPI rate today. Hosted on Acast. See acast.com/privacy for more information.
What this episode covers
Wednesday 13th September 2023NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABThe NAB Business Survey yesterday showed that price growth remained elevated and business conditions rose. NAB’s Ray Attrill says an interesting takeout is the contrast between the resilience showing up in business surveys, against consumer confidence. Even though individual consumer spending is slowing, higher levels of immigration means businesses are still seeing growth and in a position, for now, to pass on costs. It’s a different story n the UK, where wages continue to rise, but markets are lowering their expectations for a hike from the Bank of England this month. Listen in to find out why. And the elephant in the room – the price of oil. Expect to see it reflected in the headline US CPI rate today. Hosted on Acast. See acast.com/privacy for more information.
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Aussie consumer confidence hit but businesses keep prices up
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