Consumer stress is rising again with Australians wary about the outlook for the year ahead. Household pressures are set to ease but until then the mantra for many consumers appears to be, “Show me the money”!
Australian Business Insights
Financial Services
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Consumer spending, according to NAB’s transaction data, went up 0.6% in December, which was driven by spendings on services and discretionary items. Read the full report here.
NAB Monthly Data Insights December 2024 | Business Research and Insights
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We expect growth in the global economy to remain subdued out to 2026. Growth is expected to ease to 3.0% by 2026, in part due to a negative impact from expected US import tariff increases. Read the full report here.
The Forward View – Global: December 2024 | Business Research and Insights
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We still see growth picking up in early 2025 after a period of weak growth through late 2024. Read the full report here.
The Forward View – Australia: December 2024 | Business Research and Insights
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Our forecasts for China’s economy remain unchanged – we see growth at 4.7% in 2024 and 4.6% in 2025 before easing to 4.2% in 2026. Read the full report here.
China's Economy at a Glance - December 2024 | Business Research and Insights
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Overall, consumer spending increased 1.2% in 3-month average terms and 4.5% over the past 12 months. Read the full report here.
NAB Economics Monthly Data Insights - November 2024 | Business Research and Insights
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Business confidence fell sharply in November, reversing last month’s gains and is now back well below average at -3 index points. Read the full report.
NAB Monthly Business Survey: November 2024 | Business Research and Insights
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The downturn is gathering momentum in Melbourne and Sydney, where negative movements in values will weigh on the national index due to their size. Read the full report here.
NAB Australian Housing Market Update: December 2024 | Business Research and Insights
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Cashflow continued to weigh most heavily on SMEs in Q3 identified by almost 4 in 10 business owners or managers. Read the full report here.
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