MacroBusiness
Access Subscriber Only Content
From yesterday but Westpac was late to get it out:
• The Westpac-Melbourne Institute Index of Consumer Sentiment fell by 4.5% to 107 in January from 112.0 in December.
A pull back in the Index was to be expected.
Since the last survey in the second week of December we have seen domestic border closures; the emergence of Covid clusters in some states; and the sharp upswing in Covid cases overseas, notably the US and the UK.
This result compares to the 15% fall that was registered over July and August last year as the nation was shocked by Victoria’s severe second wave and associated hard lockdown.
Add to Bookmarks
The Australian and New Zealand Dollars are trading higher on Wednesday helped by a weaker U.S. Dollar and the hope of huge fiscal stimulus from the Biden administration to combat the effects of coronavirus on the economy. Meanwhile, the economic news in Australia remained mostly positive.
At 10:53 GMT, the AUD/USD is trading .7733, up 0.0035 or +0.45% and the NZD/USD is at .7137, up 0.0020 or +0.28%.
Advertisement
Start Trading
75% of retail CFD investors lose money
Traders are now looking forward to the inauguration of President Joe Biden at 17:01 GMT and a speech that follows. Early Thursday, Australia will release its latest data on Employment Change and the Unemployment Rate. Early Friday, New Zealand will release its latest report on consumer inflation.
Buying Groups through the Pandemic - 2020 State of the Industry Report: In-depth update of Australia s jewellery buying groups over a decade
3.2 k views | Posted January 11, 2021 | By Jeweller Research Following a year of unprecedented upheaval,
Jeweller revisited the four jewellery industry buying groups profiled in our March report to explore how they have adapted and supported members throughout COVID-19.
BY THE NUMBERS
Buying groups offer retail jewellers a myriad of benefits, beyond supplier discounts.
Group members access marketing and business strategies and support, sophisticated ordering platforms, access to exclusive products, and much more.
REPORT INDEX - CLICK ITEM TO JUMP TO RELEVANT SECTION
Australia right now reminds me of a rapper s video from MTV in 2015. We are chucking money around like it is absolutely nothing. It is an orgiastic explosion of hedonistic materialism that would put Lil Wayne to shame. Rolls Royces? We want em. Seven Rolls Royces were sold in November 2020, compared to literally none in the same month last year. Porsche 911s, Bentley Coupes, and Mercedes AMGs all rolled off the lots in higher numbers compared to November 2019. We have cash and we are not afraid to make it rain. As the next chart shows, every state is spending far more money than in 2019. At least 10 per cent more, and up to almost 20 per cent more in Queensland, NT, South Australia and Tasmania.