Via CBA’s dubious household spending interntions series:
Home Buying Spending Intentions
The sharp uptrend in home buying intentions continues
Home buying intentions rose further in October and are now close to the record highs seen in H1 2017
Current HSI readings are consistent with an ongoing pick up in dwelling prices
Retail Spending Intentions
Retail spending intentions are bouncing around at present but the lift in October means a modest uptrend is in place
That said, that turning point is pretty modest when benchmarked against record low mortgage rates, the wealth boost from rising house prices, solid jobs growth and tax rebates
Motor Vehicles Spending Intentions
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David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
