Australian Consumer, Business Sentiment Converge as Prices Bite

30
Comment
Favorite

Australian Consumer, Business Sentiment Converge as Prices Bite

Bloomberg2022-12-13

Consumer sentiment recovers, but still 23% below year earlierBusiness confidence drops below 0 for the first time this yearAustralia’s consumer sentiment remained deeply pessimistic and business ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

leilei369
·2022-12-13
ok
Reply
1
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2291751256?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-12-13 09:55","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2291751256","market":null,"top_or_hot":-1,"title":"Australian Consumer, Business Sentiment Converge as Prices Bite","media":"Bloomberg","content":"<div>\n<p>Consumer sentiment recovers, but still 23% below year earlierBusiness confidence drops below 0 for the first time this yearAustralia’s consumer sentiment remained deeply pessimistic and business ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-12-12/australia-s-consumer-sentiment-improves-from-disastrous-drop\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Australian Consumer, Business Sentiment Converge as Prices Bite</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAustralian Consumer, Business Sentiment Converge as Prices Bite\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-13 09:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-12-12/australia-s-consumer-sentiment-improves-from-disastrous-drop><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Consumer sentiment recovers, but still 23% below year earlierBusiness confidence drops below 0 for the first time this yearAustralia’s consumer sentiment remained deeply pessimistic and business ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-12-12/australia-s-consumer-sentiment-improves-from-disastrous-drop\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XJO.AU","symbol_name":"标普/澳交所 200指数","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2022-12-12/australia-s-consumer-sentiment-improves-from-disastrous-drop","article_id":"2291751256","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2291751256","pubTimestamp":1670896536,"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"Consumer sentiment recovers, but still 23% below year earlierBusiness confidence drops below 0 for t","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"XJO.AU":"标普/澳交所 200指数","XKO.AU":"标普/澳交所 300指数","XAO.AU":"标普/澳交所 普通股指数"},"translate_title":"随着价格下跌，澳大利亚消费者和商业情绪趋同","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XAO.AU":0.9,"XJO.AU":0.9,"XKO.AU":0.9},"content_text":"Consumer sentiment recovers, but still 23% below year earlierBusiness confidence drops below 0 for the first time this yearAustralia’s consumer sentiment remained deeply pessimistic and business confidence turned negative for the first time this year as rapid-fire interest rate increases dragged on the economy.Consumer sentiment rose 3% to 80.3 in December, recovering from a 2-1/2-year low while pessimists easily outweighed optimists, Westpac Banking Corp. said Tuesday. Separate data from National Australia Bank Ltd. showed business confidence fell to -4 in November after holding above 0 since December 2021.Consumer and business sentiment are beginning to converge after an extended split while the Reserve Bank delivered it sharpest tightening cycle in 33 years to counter surging prices. Firms remained positive for a period even as rising cost of living pressures and higher mortgage repayments hurt households.NAB’s data showed business conditions — measuring hiring, sales and profits — fell 2 points to 20. The gap between confidence and conditions is now at a record outside of the beginning of the pandemic, according to NAB Chief Economist Alan Oster.The divergence points to “heightened concerns about the resilience of the economy in the period ahead as inflation and higher rates begin to weigh on consumers,” Oster said.Economists expect a sharp slowdown in the economy, driven by an expected weakening of household spending as the full effects of the RBA’s rate hikes take hold. The central bank has raised rates by 3 percentage points since May and most economists predict it will hike another one or two times for a terminal rate of 3.6%.There are early signs that households are acting on that sentiment — figures from Commonwealth Bank of Australia on Tuesday also showed its household consumption intentions index rose 3.2% in November from a year earlier, down from a peak of 15.2% in August.“Consumer risk aversion remains intense more generally,” Westpac Chief Economist Bill Evans said. “The December survey results show inflation concerns remain high amongst consumers and are not abating despite higher interest rates and a deteriorating economic outlook.”","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[{"id":9923452538,"gmtCreate":1670896727824,"gmtModify":1676538456039,"author":{"id":"3575875080700779","authorId":"3575875080700779","name":"leilei369","avatar":"https://static.tigerbbs.com/e0053a3e60a64fad43c71bb67e80bccd","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9923452538","repostId":2291751256,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":30,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}