Says two year old index. Via CBA’s consumer intentions survey:
Home Buying Spending Intentions
- Home buying intentions moved higher again in December and now sit at a record high
- HSI readings indicate that the pick up in dwelling prices in H2 2019 may continue into H1 2020
- The turn in the HSI is also a sign that the economic drag from falling residential construction may be nearing an end
Retail Spending Intentions
- Retail spending intentions are fluctuating from month to month around an essentially flat trend
- This flat trend remains a disappointing outcome relative to the stimulus applied via interest rate cuts, tax rebates and the turn up in dwelling prices
- The zig-zag pattern indicates that the “Black Friday” event shifted spending from December into November without necessarily boosting spending over all
Motor Vehicles Spending Intentions