* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Thursday, July 24, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Black Box Players presents ‘The Three Musketeers’ – CBS 19 News

    Experience the Adventure: Black Box Players Bring ‘The Three Musketeers’ to Life!

    AP Entertainment SummaryBrief at 1:51 p.m. EDT – Channel 3000

    Entertainment Highlights: Key Updates You Can’t Miss

    ‘Devil Wears Prada 2’ casts Anne Hathaway’s love interest replacing Adrian Grenier’s Nate – Entertainment Weekly

    Devil Wears Prada 2′ Casts New Love Interest for Anne Hathaway, Replacing Adrian Grenier’s Nate

    12 ‘Late Show’ Moments Proving Stephen Colbert Can’t Be Replaced – The Mountaineer

    12 Unforgettable ‘Late Show’ Moments That Prove Stephen Colbert Is Truly One of a Kind

    Canes owner Tom Dundon’s real estate firm eyes entertainment complex near RDU – The Business Journals

    Canes Owner Tom Dundon’s Real Estate Firm Unveils Plans for Thrilling New Entertainment Complex Near RDU

    Inspired Entertainment, Inc.’s (NASDAQ:INSE) Price Is Right But Growth Is Lacking After Shares Rocket 29% – simplywall.st

    Inspired Entertainment Soars 29% but Growth Momentum Falls Short

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Behind the Screens: The Impact of Technology on Real Estate – TRREB

    Behind the Screens: How Technology is Transforming the Future of Real Estate

    Sustainserv and Palau Announce Technology Partnership to Leverage Innovative AI Platform to Advance Sustainability Reporting – Business Wire

    Sustainserv and Palau Team Up to Transform Sustainability Reporting with Breakthrough AI Technology

    Morgan Adamski Joins PwC in Newly Created Cyber, Data & Technology Risk Division – HSToday

    Morgan Adamski Leads the Charge in PwC’s Cutting-Edge Cyber, Data & Technology Risk Division

    Transformative technology, support for food entrepreneurs spotlighted – University of Hawaii System

    How Cutting-Edge Technology and Strong Support Are Revolutionizing Food Entrepreneurs’ Success

    Cold Weather Alloy Opens New Possibilities for Space Technology – Universe Today

    Revolutionary Cold Weather Alloy Unlocks New Frontiers in Space Technology

    Defence Holdings PLC Transitions from Esports to Pioneering Defence Technology

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Black Box Players presents ‘The Three Musketeers’ – CBS 19 News

    Experience the Adventure: Black Box Players Bring ‘The Three Musketeers’ to Life!

    AP Entertainment SummaryBrief at 1:51 p.m. EDT – Channel 3000

    Entertainment Highlights: Key Updates You Can’t Miss

    ‘Devil Wears Prada 2’ casts Anne Hathaway’s love interest replacing Adrian Grenier’s Nate – Entertainment Weekly

    Devil Wears Prada 2′ Casts New Love Interest for Anne Hathaway, Replacing Adrian Grenier’s Nate

    12 ‘Late Show’ Moments Proving Stephen Colbert Can’t Be Replaced – The Mountaineer

    12 Unforgettable ‘Late Show’ Moments That Prove Stephen Colbert Is Truly One of a Kind

    Canes owner Tom Dundon’s real estate firm eyes entertainment complex near RDU – The Business Journals

    Canes Owner Tom Dundon’s Real Estate Firm Unveils Plans for Thrilling New Entertainment Complex Near RDU

    Inspired Entertainment, Inc.’s (NASDAQ:INSE) Price Is Right But Growth Is Lacking After Shares Rocket 29% – simplywall.st

    Inspired Entertainment Soars 29% but Growth Momentum Falls Short

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Behind the Screens: The Impact of Technology on Real Estate – TRREB

    Behind the Screens: How Technology is Transforming the Future of Real Estate

    Sustainserv and Palau Announce Technology Partnership to Leverage Innovative AI Platform to Advance Sustainability Reporting – Business Wire

    Sustainserv and Palau Team Up to Transform Sustainability Reporting with Breakthrough AI Technology

    Morgan Adamski Joins PwC in Newly Created Cyber, Data & Technology Risk Division – HSToday

    Morgan Adamski Leads the Charge in PwC’s Cutting-Edge Cyber, Data & Technology Risk Division

    Transformative technology, support for food entrepreneurs spotlighted – University of Hawaii System

    How Cutting-Edge Technology and Strong Support Are Revolutionizing Food Entrepreneurs’ Success

    Cold Weather Alloy Opens New Possibilities for Space Technology – Universe Today

    Revolutionary Cold Weather Alloy Unlocks New Frontiers in Space Technology

    Defence Holdings PLC Transitions from Esports to Pioneering Defence Technology

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Rate hike fears sink consumer mood, SMEs see silver lining

July 10, 2024
in Business
Rate hike fears sink consumer mood, SMEs see silver lining
Share on FacebookShare on Twitter

New surveys from Westpac and National Australia Bank (NAB) reveal a stark contrast between Australian consumer sentiment and business confidence.

Australian consumers continue to grapple with deep pessimism, exacerbated by the looming threat of further interest rate hikes. Westpac’s latest consumer sentiment survey, released Tuesday, shows a 12.8% jump in expectations for variable mortgage rates over the next 12 months—marking the steepest rise since the question was first asked in early 2022.

“Sentiment remains stuck in the same deeply pessimistic range that has dominated for two years now,” said Westpac senior economist Matthew Hassan. “Fears of persistent inflation and further interest rate rises are again weighing heavily on the consumer mood, offsetting any boost from the arrival of stage three tax cuts and other fiscal support measures.”

Despite the introduction of these measures on July 1, many consumers have not yet felt their impact due to varying payment cycles. The survey found nearly 60% of consumers expect mortgage rates to rise over the next year. With the Reserve Bank’s next meeting on August 5-6, some economists anticipate a potential rate hike to 4.6%.

Minutes from the RBA’s June meeting revealed ongoing concerns about inflation returning to its target range of 2 to 3% quickly enough.

CreditorWatch comments, Anneke Thompson, Chief Economist: “Both the NAB Monthly Business survey and Westpac Consumer Sentiment Survey overall point to a continuing slowing economy, despite some mixed reads in the various data sets. On the consumer side, sentiment fell over the month by 1.1 per cent and continues to be well below the long run average. Interestingly, despite tax cuts beginning on July 1, the ‘family finances vs a year ago’ and ‘family finances over next 12 months’ series both fell, and quite significantly. This is because a majority (just under 60%) of consumers now expect an interest rate increase. On the business side, conditions continued to ease while confidence improved. These two results are difficult to reconcile, however may be explained by businesses reporting easing in labour costs, purchase and final product prices, but continued high capacity utilisation. While the indicators are subtle, these results broadly point to businesses still being busy, but demand starting to cool.

“Overall, the RBA will likely get a sense of relief at these results, as they need sentiment to remain weak and consumers to keep their wallets shut in order to nudge that sticky inflation number down. They will also be relieved that the labour force still appears strong, albeit with some heat coming out of it. While these are just two data sets in a broad array of data that is released monthly, neither points to an economy heating up again, and inflation being pushed higher, which would be a worst case scenario for the RBA.

“CreditorWatch’s BRI data for May 2024 provides real time data that backs these sentiment measures. Trade payment defaults are at record highs, and insolvency and business failure rates continue to move higher, especially in those industries that rely on discretionary spending.”

The Westpac survey also highlighted a decline in consumer expectations for family finances. The family finances sub-index dropped 8.4% in July, nearly erasing the previous month’s 9.7% gain.

In contrast, NAB’s business confidence survey, released the same day, showed an uptick in business confidence to its highest level since early 2023. This rise was driven by broad-based increases across all industries, though business conditions continued to edge down, following a trend since late 2022.

“Of note is the sharp decline in the employment index this month,” said NAB head of Australian economics Gareth Spence. “The employment index is now below its long-run average, possibly indicating that the broader economic slowdown is impacting labor demand more strongly.”

Other activity indicators were mixed. Forward orders remain negative, particularly in the retail and wholesale sectors. Labor cost growth eased to 1.8% quarterly (down from 2.3% in May), while purchase cost growth fell to 1.3% from 1.7%.

“Encouragingly, key price and cost growth measures reversed last month’s increase,” added Spence. “However, retail price growth remains high despite the weaker activity outlook and confidence in the industry.”

Commonwealth Bank of Australia head of Australian economics Gareth Aird noted that the surveys, along with new job advertisement data from Seek, depict an economy continuing to soften.

Keep up to date with our stories on LinkedIn, Twitter, Facebook and Instagram.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Dynamic Business – https://dynamicbusiness.com/topics/news/rate-hike-fears-sink-consumer-mood-smes-see-silver-lining.html

Tags: businessConsumerfears
Previous Post

Xero turns 18, opens doors to $700K in funding for innovative SMEs

Next Post

Younger workers still most mobile, but overall job switching drops in Australia

Behind the Screens: The Impact of Technology on Real Estate – TRREB

Behind the Screens: How Technology is Transforming the Future of Real Estate

July 24, 2025
Gustavus hires Jordan Benson as Sports Information Director – Minnesota Intercollegiate Athletic Conference

Gustavus Welcomes Jordan Benson as New Sports Information Director

July 24, 2025
Join the Neighborhood Ecology Corps – RaleighNC.gov

Join the Neighborhood Ecology Corps – RaleighNC.gov

July 24, 2025

WEBS Program Ignites Passion for Science with Exciting Hands-On Labs

July 24, 2025

Science Explains Why Some People Keep Making Bad Decisions Even After Being Punished – Study Finds

July 24, 2025
Fidel Castro’s grandson slammed for flaunting lavish lifestyle amid Cuba’s economic crisis – Mint

Fidel Castro’s Grandson Stuns Nation with Lavish Lifestyle Amid Cuba’s Economic Struggles

July 23, 2025
Art on the Road: Framing the World – Oregon ArtsWatch

Art on the Road: Framing the World – Oregon ArtsWatch

July 23, 2025
Zimbabwe Says Informal Sector Dominates 76% of The Economy – Bloomberg

Zimbabwe’s Informal Sector Now Powers 76% of the Economy

July 23, 2025
MSC Cruises Unveils Entertainment Venues Aboard New Ship MSC World Asia – TravelPulse

Explore the Thrilling New Entertainment Venues Aboard MSC World Asia!

July 23, 2025
Mitochondria and health – National Institutes of Health (NIH) | (.gov)

Unlocking the Power of Mitochondria: The Key to Better Health

July 23, 2025

Categories

Archives

July 2025
MTWTFSS
 123456
78910111213
14151617181920
21222324252627
28293031 
« Jun    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (736)
  • Economy (759)
  • Entertainment (21,642)
  • General (16,069)
  • Health (9,797)
  • Lifestyle (767)
  • News (22,149)
  • People (761)
  • Politics (768)
  • Science (15,975)
  • Sports (21,257)
  • Technology (15,742)
  • World (742)

Recent News

Behind the Screens: The Impact of Technology on Real Estate – TRREB

Behind the Screens: How Technology is Transforming the Future of Real Estate

July 24, 2025
Gustavus hires Jordan Benson as Sports Information Director – Minnesota Intercollegiate Athletic Conference

Gustavus Welcomes Jordan Benson as New Sports Information Director

July 24, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version