Sentences with phrase «spending by households»

A high rate of growth in spending by households has been an important factor sustaining the strong performance of the Australian economy.

In a healthy financial system, money is channelled between savers and borrowers so that different activities, like spending by households or investment by businesses, can be undertaken.

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.

Monetary accommodation remains critical in supporting the economy by encouraging economic risk taking in the form of increased real spending by households and greater willingness to invest and hire by businesses.

He will argue that fiscal prudence will inspire confidence and boost spending by households and investors.

Paul Ferley, assistant chief economist at RBC, expects positive results for consumer spending in the quarter overall (up an annualized 2.8 % in Q2 from a weaker Q1), but noted that retailers are still dealing with modest levels of spending by households.

Studies have shown that every dollar increase for a minimum - wage worker results in $ 2,800 in new consumer spending by household, and of the 13 states that have increased the minimum wage since 2014, including New York, all but one experienced employment growth.»

Not exact matches

That would translate into an additional $ 190 spent on fuel by the average U.S. household this year compared to last, the agency said.

A recent forecast by the Conference Board of Canada suggests that indebted households will restrain spending over the next few years, contributing to slow economic growth.

Authorities are already relaxing rules on entertainment, and by 2030, they aim to double household spending on recreation to 6 percent.

Men raised by working mothers spent more time on household chores and childcare.

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.

Moreover, households in that demographic will increase their spending by 7 % annually through 2018, according to a report from the American firm Boston Consulting Group.

Households that spend $ 50,000 at age 65 tend to see a decline by about 15 percent over the next 15 years and 20 percent by age 85, according to Jonathan Guyton, a certified financial planner and principal at Cornerstone Wealth Advisors, in an article in the Journal of Financial Planning.

A survey by Statistics Canada in 2009 found that the average household spends 64.4 % of its income on personal taxes, food, shelter and transportation combined — the so - called necessities.

«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.

Limited fiscal headroom means the government is likely to cut remaining fuel subsidies but analysts expect authorities to soften the blow by targeting spending to low - income households.

For 2017 as a whole, Statistics Canada said household spending easily made the biggest contribution to growth, followed by inventory and business investment.

The basic idea is that by effectively charging banks to store their money with a central bank, banks will be spurred to lend to households, encouraging spending and helping growth.

Much of the growth is going to come from mid-size cities, where average household spending on such foods is expected to grow by 150 %.

In an interview, Bullard says he believes the Fed risks losing credibility with the public by ignoring the prices of goods that account for a substantial share of household spending.

«Textbook theory dictates that a rise in wages will tend to stimulate household spending, thereby generating upward pressure on prices and, by extension, interest rates,» says Koichi Sugisaki, Morgan Stanley's interest rates strategist for Japan.

She noted the U.S. economy continues to expand, «led by solid growth in household spending.»

We also think spending is being supported by the impact of cheaper gasoline, since the average Canadian household is spending about $ 600 less per year to fill their tank.

Last year it defied skeptics by growing its GDP an estimated 7.3 percent year - over-year, more than China and India, thanks to a surge in household and government spending.

However, I suspect that spending by the average household, strapped with a record level of debt, will continue to contract — especially spending on discretionary items.

Just 13.1 % of income was spent on food by the average household in 2016, making it a less important cost than both housing and transportation.

Over the span of 2000 - 2016, the amount of money spent on food by the average American household increased from $ 5,158 to $ 7,203, which is a 39.6 % increase in spending.

Section 8 rental assistance programs are limited to low - income households and have proven to be effective, but the amount spent on those programs is dwarfed by the benefits received by homeowners through the mortgage interest deduction.

Unfortunately these policies reduce demand further by reducing real household income and, with it, the amount households can spend.

According to Forbes, «A recent report by the Institute for Local Self - Reliance (ISLR) claims that roughly half of all U.S. households are subscribed to Amazon Prime, half of all online shopping searches start directly on Amazon, and Amazon captures nearly one in every two dollars that Americans spend online.»

Wages are rising at about the same pace as inflation, which is weak by historical standards, and suggests that households have limited spending power.

What those dollars are spent on is predominantly clothing and accessories (89.4 %), followed by food and drink (88.4 %), household items (62 %), technology and electronics (49.7 %), and shoes (47.6 %).

The move is a big gamble on the part of Governor Stephen Poloz, who hopes the rate cut will both spur companies to spend and help fend off low inflation, but the risk is that Canada's already over-indebted households will put themselves in even more danger by taking on excessive leverage.

Keying off a healthier labour market and buoyant consumer sentiment, household spending rose by 2.1 per cent over the year to the September quarter.

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).

The robust rate of spending by US households and businesses has resulted in a sharp increase in imports into the US, with the volume of imports increasing by 9.2 per cent over the year to the December quarter.

Korea remains the exception, adversely affected by weak consumer spending, which has been weighed down by excessive household debt.

Consumer spending also fell in France as households cut purchases of clothes and accessories, although by a more modest 0.1 %.

In China, this has been the case since 2011, with total household consumption spending growing on average faster than overall GDP by 1.5 percentage points each year.

But recent data has indicated a moderation in household spending and fixed - income investment by businesses since fourth quarter 2017.

Moreover, the intensification of financial market turmoil is likely to exert additional restraint on spending, partly by further reducing the ability of households and businesses to obtain credit.

We can get a better sense of the forces driving the US business cycle by comparing the spending patterns in the household and business sectors.

Citing emerging domestic price pressures and stronger - than - expected household spending and housing market activity, the Reserve Bank of New Zealand raised its policy rate by 1/4 of a percentage point in January to 5 1/4 per cent.

The robust pace of spending by US households and businesses saw the current account deficit widen further in the December quarter, reaching 6.3 per cent of GDP.

In contrast to the improving conditions in the business sector, household spending has been flat over the past year, held back by a relatively subdued labour market.

The buoyancy of consumer spending is being supported by rising household wealth, driven in large part by continuing increases in house prices.

Nonetheless, household spending continues to be supported by a strong labour market, with employment growing by 4.4 per cent over 2004 and the unemployment rate declining to an historically low 3.6 per cent.

The Bank expects growth in Canada to pick up through 2013, supported by modest growth in household spending combined with a recovery in exports and solid business investment.

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.