The negative effects of lower oil prices hit the economy right away, and the various positives - more exports because of a stronger U.S. economy and a lower dollar, and more consumption spending
as households spend less on fuel - will arrive only gradually, and are of uncertain size.
Not exact matches
Debt levels for the average Canadian
household are moving down (perhaps we've been taking those warnings from the Bank of Canada to heart), and
as a result there's been «modest» growth in consumer
spending, said Ferley.
Here are three off the top of my head: Record levels of
household debt threaten future
spending, too many of our companies need a weaker currency to be competitive, and international energy companies are giving up on Canada
as a place to invest.
In the same sentence, some traders read the business
spending comment
as hawkish and the
household spending comment
as dovish.
Japan «s unemployment rate held steady in October
as the availability of jobs improved and
household spending fell at a slower pace, a tentative sign that a robust labor market is lending support to domestic demand.
There are approximately 60 million
households in the U.S. that have a dog, 90 percent people think of their pup
as more than a pet (meaning more money to be
spent) and dogs are living longer.
In some cases, shoppers can save
as much
as 97 % — welcome news considering American
households are projected to
spend an average of $ 370.75 this Fourth of July.
In the October report, there were five: stronger - than - expected U.S. growth; higher - than - expected oil prices; the possibility that weak business investment had altered the economy's potential; slower growth in less advanced economies such
as China; and a tilt to saving from
spending by Canada's heavily indebted
households.
Hadley Mullin, a partner at private equity firm TSG Consumer Partners, says the gender imbalance in the investment community does not make sense — especially at firms that invest in consumer brands,
as women drive
household spending.
Not only is she setting an example for her daughter
as a busy executive who prioritizes
spending high quality time with her children, her son sees his father helping in the kitchen and with other
household matters.
U.S. consumer
spending barely rose in January
as households cut back on purchases of a range of goods, suggesting the economy started the first quarter on a softer note.
«Canada's ability to outperform has relied on the strength of
household demand,
as consumers have held fast to the credit - financed
spending patterns abandoned by their peers in the U.S. and Europe,» Moody's said in a September report.
Tiff Macklem, deputy governor of the Bank of Canada, acknowledged
as much in January when he noted that although low interest rates had stoked
household spending, «this growth model is now reaching its limits.»
That could lead to a sharp correction in home prices,
as well
as households pulling back on
spending in other areas, thereby impacting the economy generally.
That's why analysts expect the government to look for operating expenditure cuts — such
as cutting remaining fuel subsidies — even
as it tries to keep up development
spending and target lower - income
households, often called the B40, or bottom 40 percent with incomes of less than around 2,500 ringgit a month.
For 2017
as a whole, Statistics Canada said
household spending easily made the biggest contribution to growth, followed by inventory and business investment.
Trudeau never really talked about his overhaul of the family benefit program
as economic stimulus, but that didn't stop others from anticipating a jolt in
household spending.
When he was appointed three years ago, Poloz assumed non-energy exports and business investment would take over from
household spending and housing
as drivers of economic growth.
A decline in new export orders in Japan
as the stronger yen began to affect exports, along with sluggish
household spending in the US, contributed to those fears.
First, there are several categories of
spending by
households that are lumped into the personal consumption expenditures category in our official GDP statistics that can fairly be counted
as investment.
The number of housing starts plunged, commercial real estate investment fell and
households cut back on their
spending as their net worth plummeted.
Indeed, data from the first quarter show that
household spending, including big - ticket items such
as motor vehicle sales and housing, has remained strong.
Households now seem to have entered a period of greater financial caution, and this may act
as a restraining influence on the growth of
household spending for a while to come.
Likewise, the disinflationary tailwind of lower oil and gas prices should provide a much greater disposable income boost to lower income
households than higher income groups,
as the former generally
spend a larger share of income on energy.
WASHINGTON (Reuters)- U.S. consumer
spending barely rose in January
as households cut back on purchases of a range of goods, suggesting the economy started the first quarter on a softer note.
Training covers diagnosis, treatment, and recognizing danger signs that require referral to health facilities,
as well
as business and sales skills.6 After a CHP passes training, she
spends her first two weeks conducting a census of all of the
households in her designated area and collecting phone numbers and other key information.7 During this census, CHPs note which
households have children under - 5 and pregnant women.8
Currently,
households and businesses face elevated short - term uncertainty
as to what will happen to tax and
spending policies in 2013 and how this will affect the economic outlook.
Wages are rising at about the same pace
as inflation, which is weak by historical standards, and suggests that
households have limited
spending power.
The Chinese authorities have expressed concern about overheating in some sectors of the economy, taking action to rein in credit growth and rebalance growth away from investment and towards greater
household spending, but
as yet there is little evidence that this is having the desired effect.
Consumer
spending has held up despite ongoing falls in real
household income,
as households appear increasingly willing to save at a lower rate.
They can affect saving and
spending behaviour of firms and
households,
as well
as cash flow, the supply of credit, asset prices and the exchange rate, all of which affect the level of aggregate demand.
Household
spending was described
as «moderated» vs. «increasing at a moderate rate» in March, and
households» real income growth came at a «solid rate.»
In January, the Fed described gains in the labor market,
household spending, and business investment
as «solid.»
Consumer
spending also fell in France
as households cut purchases of clothes and accessories, although by a more modest 0.1 %.
The equivalent of profits in terms of
households are their savings, defined
as the difference between income (take - home - pay etc.) less
spendings.
A major contributor to the weakening has been a drop - off in the pace of
household spending,
as wages growth and the rate of increase in housing prices have both slowed.
Gasoline prices up: Americans are expected to
spend an average of $ 400 per
household more on fuel this year than in 2016,
as the rebound in crude prices is reflected in the cost of petrol at the pump.
As discussed above, in the past when credit and asset price booms have ended, they have often resulted in financial and economic instability, with banks suffering losses and the business and household sectors cutting back spending as they repair their balance sheet
As discussed above, in the past when credit and asset price booms have ended, they have often resulted in financial and economic instability, with banks suffering losses and the business and
household sectors cutting back
spending as they repair their balance sheet
as they repair their balance sheets.
But for those homebuyers who
spend as much
as 80 percent of their
household incomes on mortgage repayments, the latest spurt in the interbank rate, on which most mortgages are based, is anything but inconsequential.
At this stage, the level of debt does not seem likely to be acting
as a major constraint on
household spending.
According to the Kaiser Family Foundation, the percentage of
household budgets
spent on health expenses is nearly 3 times
as much for retirees on Medicare
as for working
households (14 % versus 5 %).6
Does this mean that consumer
spending growth will remain robust
as increasingly «wealthy»
households...
In addition,
as it became known today, US consumer
spending increased significantly in December,
as households have purchased cars and a wide range of services amid rising wages, pointing to robust domestic demand, which could push the economy up to the more rapid growth in early 2017 of the year.
As households increase their saving rate, their
spending growth will slow, a distinct contrast from the decline of the saving rate from 12 % in the early 1980s to zero recently.
The
household that earns $ 75,000 a year but saves 20 % and thus
spends only $ 60,000 need not squirrel away
as much
as a
household earning $ 60,000 a year but which through credit
spends $ 75,000.
Though it boosts the economy in the short term, high levels of
household debt add pressure on the economy in the long run,
as households are forced to cut
spending in order to repay their debt.
The impact of rising prices could wind up hurting other producers — even ones that don't use steel or aluminum at all —
as the effects eat into
household spending.
Furthermore, demographic changes have augmented the number of younger
households, which borrow against future earnings
as they begin to establish families and careers,
as well
as the share of retired
households, which
spend beyond their current incomes by gradually reducing savings and selling assets.
But that has been compounded by sluggish consumer
spending, reinforced on Friday by figures showing that retail sales in September were below expectations again
as households steered clear of discretionary purchases.
(
As a mom who suffered through months of colic, health issues with my son, no
household help, and very little support, anyone who has the audacity — considering the level of privilege that she enjoys — to say,» «The baby's been way easier than everyone made it out to be» should be forced to
spend a day in the life of an average mom.)