Australia: Consumer sentiment holding up well - TDS

Sandeep Kanihama FXStreet Contributor

Analysts at TD Securities note that Australian consumer sentiment held up better than they expected, as it remained buoyant at 104.4.

Key Quotes

“Current conditions +1.2% to 104.9 while expectations slip a little by -0.7% (but was +4.7% prior) to be 104.1. Next retail sales report released Jan 11.”

“Also out, APRA ADI statistics confirm new interest-only loans ratio a record low 27% (was 40% when APRA imposed the 30% limit). Finally, "Households are spending a larger proportion of their expenditure on costs relating to housing and health and less on food and clothing" related to the first annual re-weighting of the CPI. Updated weights will be implemented with Dec qtr CPI, released 30 Jan.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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