Sentences with phrase «in household consumption»

That implies a reengineering of industrial and agricultural processes, a transformation of land - use practices, and a shift in household consumption.

Rising consumer confidence and low interest rates have contributed to strong growth in household consumption.

Growth in household consumption was subdued with business investment and net trade contributing to the annual GDP numbers, in line with the MPC's November Inflation Report.

First, substantial direct or indirect wealth transfers from the state sector to Chinese households will unleash a surge in household consumption as household income rises (and because the interest on bank deposits is an important source of income for most middle and lower middle class households, if the authorities reduce interest rates, as struggling borrowers are demanding, China actually moves in the wrong direction).

Not exact matches

The value of total household consumption through the first nine months of 2015 is little changed compared with the same period in 2014, according to StatsCan data.

«If impending old age is the issue, it can be very difficult to convince households via lower rates to shift desired consumption from the future into the present,» Steven Englander, global head of G - 10 foreign - exchange strategy at Citigroup, said in a note Tuesday.

Moderate household consumption will be mostly offset by a decline in business investment.

A more detailed breakdown of the loan data on Monday showed sharp pick - ups in demand for credit from both households and companies, auguring well for consumption and investment.

And the consumer was a bright spot: household final consumption expenditure had a positive contribution to GDP growth in the euro area and the EU28.

That period of reflection appears to have emboldened Poloz's conviction in the story he's been telling from the start: that international sales of manufactured goods and services would lead a rotation away from the economy's reliance on high commodity prices and consumption by heavily indebted households.

«There was still a risk that growth in consumption might turn out to be weaker than forecast if household income growth were to increase by less than expected.»

In particular, I looked at the effect of improved health insurance on precautionary savings and household consumption.

But the driving force behind growth has been mainly rising household consumption, Zhou said in remarks published on the People's Bank of China's (PBOC) website on Monday.

$ 185 million revenue change for each percentage point change in nominal household consumption growth.

While it is not directly related to replacement rates per se, the authors use pairs of cross sectional data from the GSS and from Statistics Canada's 1992 Family Expenditure Surveys and the 1998 Survey of Household Spending to illustrate that both real family income and real family consumption adjusted for household size tend to be hump - shaped with respect to age and peak in the 50s, while general satisfaction with life tends to stay relatively constant through different ages.

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.

Having increased their borrowing, households are less inclined to let consumption growth run ahead of growth in incomes for too long.

It also raises the real value of disposable household income and in so doing may increase household consumption.

This reflects changes in the prices of all goods and services purchased for consumption by urban households.

Lastly, the elimination of the one - child policy has the potential to boost household consumption in the short term and to slow China's worsening demographic picture over the longer run.

Rising income and rising uncertainty both suggest that we should expect higher, not lower, household savings rates, which in turn imply that household income must grow faster, not slower, than household consumption.

If investment growth falls sharply, especially investment in the real estate sector, it should cause unemployment to surge, which of course puts downward pressure on household income growth as well as on consumption growth, potentially pushing China into a self - reinforcing downward spiral.

First, because they represented a transfer from net savers to net borrowers, they helped to exacerbate the split between the growth in household income (households are net savers) and the growth in GDP (which is generated by net borrowers), and so led directly to the extraordinary imbalance in the Chinese economy in which consumption, as a share of GDP, has declined to perhaps the lowest level ever recorded in history.

In either case, such households are well placed to accommodate the extra required payments without needing to adjust their consumption very much, if at all.

With total payments little changed, the rise in scheduled payments has had no obvious implications for household consumption.

If the global economy were to recover much more quickly than most of us expect, and, much more importantly, if Beijing were to initiate a far more aggressive program of privatization and wealth transfer than I think politically possible, perhaps transferring in the first few years the equivalent of as much as 2 - 5 % of GDP, the surge in household income could unleash much stronger consumption growth than we have seen in the past.

Over time this means that households will retain a growing share of China's total production of goods and services (at the expense of the elite, of course, who benefitted from subsidized borrowing costs) and so not only will they not be hurt by a sharp fall in GDP growth, but their consumption will increasingly drive growth and innovation in China.

I'll focus my attention on the potential size of the change in households» cash flows as well as the effect on the household sector's consumption.

Something similar happens in China, where the household income share of GDP is a much greater constraint on consumption that household psychology.

This, combined with widespread moral hazard, had inevitably to result in both tremendous misuse of capital and a sharp decline in the consumption share of GDP (as the household income share declined)-- both of which of course happened to a remarkable degree in China.

Moreover, the growth of household consumption has been sustained; indeed it picked up a touch in year ended - terms over 2017.

But closing down unnecessary capacity can pay for itself, even if unemployed workers are temporarily put on the government payroll (causing debt to rise, but usually by less than it had before), but only temporarily as Beijing takes other measures to boost household income through wealth transfers from the state and so to boost consumption, a form of demand which is likely to be more labor intensive than the demand created in the process of over-capacity.

The only certain and politically feasible source of debt - free demand is domestic household consumption, but Chinese households suffer from the same problem Marriner Eccles identified in the US in the 1930s: those who want to spend do not have the resources, and those who have the resources do not want to spend — or in this case are not able to spend productively.

In the case of the household sector, both Mr. Flaherty and the Governor of the Bank of Canada are warning Canadians about their high debt levels and urging them to curtail their consumption and to reduce their debt.

Historically, household consumption has increased by roughly 0.2 percent for every one percentage point increase in household debt.

While household consumption was strong in the fourth quarter of 2014, it is off to a weak start in 2015.

Using PSID data from 1976 through 2003, we find that households that experience an involuntary job loss reduce their consumption more if they live in states with higher bankruptcy exemptions.

The revisions showed that in the first half of 2017, household consumption and residential investment combined totalled 64.3 per cent as the share of the total economy, a record.

In the case of China, for example, whatever GDP growth turns out to be, and again this is just arithmetic, Chinese household income growth will be higher and investment growth lower — after nearly thirty years of the reverse relationship — so that the impact of slower growth will be disproportionately smaller on consumption growth and larger on investment growth.

German investment rates did not rise to match the increase in savings (in fact I think investment actually declined), nor did consumption among ordinary German households surge.

As savings were force up structurally, whether because of rising income inequality or a declining household share of GDP, the system responded in ways that were sustainable (increases in productive investment) and in ways that were unsustainable (rising inventory in China, increases in speculative investment in the US, China, and Europe, and increases in credit - financed consumption in the US and southern Europe).

The speed with which China's GDP growth slows in 2013 will tell us a lot about how determined Beijing is to rebalance the economy in such a way that growth is driven more by higher household income and consumption and less by investment funded by rising government and government - related debt.

Spain's household savings rate fell to its lowest level on record in the third quarter of last year as high unemployment and wage deflation in the latest recession obliged them to devote more of their disposable income to consumption, according to figures released Wednesday by the National Statistics Institute (INE).

No matter how I work the numbers it just seems to me very obvious that unless it sharply speeds up the process of transferring wealth to the household sector so that consumption can grow much more quickly, China simply does not have ten years in which to manage a non-disruptive adjustment unless we are willing to make assumptions so heroic that even El Cid would blanche.

Until we understand this do not expect the global crisis to end anytime soon, except perhaps temporarily with a new surge in credit - fueled consumption in the US (which will cause the trade deficit to worsen) and more wasted investment in China (which, because it is financed with cheap debt, which comes at the expense of the household sector, may simply increase investment at the expense of consumption).

In the euro area, the household saving rate increased due to a larger fall in real final consumption expenditure -LRB--0.7 %) than in real gross disposable income -LRB--0.4 %In the euro area, the household saving rate increased due to a larger fall in real final consumption expenditure -LRB--0.7 %) than in real gross disposable income -LRB--0.4 %in real final consumption expenditure -LRB--0.7 %) than in real gross disposable income -LRB--0.4 %in real gross disposable income -LRB--0.4 %).

However, this is changing, and the increase in the level of household debt over the past decade is a major shift, with significant knock - on implications for consumption.

The pick - up in consumption in the March quarter appears to be continuing and is being supported by further increases in consumer confidence; household spending increased by 2 1/2 per cent in the June quarter and consumer confidence is now at its highest level in 4 years (Graph 3).

In the September quarter, household consumption rose by 1.1 per cent, a slight increase from the pace in the June quarter, but less than might have been expected given the boost to incomes from the budget measureIn the September quarter, household consumption rose by 1.1 per cent, a slight increase from the pace in the June quarter, but less than might have been expected given the boost to incomes from the budget measurein the June quarter, but less than might have been expected given the boost to incomes from the budget measures.

An additional factor explaining the continued strength of consumption over the past couple of years has been the strong increase in household wealth.