Australian population growth masking weaker consumption trends
In The Media
| Nov 29, 2023
Household consumption growth has slowed markedly in recent quarters as tighter policy settings have started to weigh on growth. Growth has stayed in positive territory largely due to strong population growth; on a per capita basis, the trend is much weaker, with consumption declining for the last three quarters.
Looking ahead, we think the decline in consumption per capita is near its trough. We forecast per capita consumption to track sideways over the next year. The recovery in real incomes along with cash rate cuts will facilitate a rebound in spending in 2025.
Watch Ben Udy’s full interview with ABC’s The Business below:
More Research
Post
CNBC: Fall in Australia’s inflation rate will be a ‘protracted process,’ says Oxford Economics
Sean Langcake, Head of Macroeconomic Forecasting at Oxford Economics Australia, discusses Australia’s upcoming budget.
Post
The socio-economic impact of TikTok in Australia
This report provides the results of our economic modelling of TikTok’s economic contribution to the Australian economy, as well as the findings of survey research into TikTok’s users and Australian businesses. It looks at the real world impacts users report as well as the diversity of TikTok’s online communities.
Post
Australian office sustainability outcomes underpin asset performance
The focus on green office buildings and sustainability is being driven by both government targets to achieve net zero and increasing corporate and investor focus on environmental, social, and corporate governance (ESG) considerations and compliance.
Share
