Key insights from the week that was. The only data release of note in Australia this week was the October Westpac-MI Consumer Sentiment Survey, which reported a 4.7% drop in the headline index. At 80.4, sentiment has tumbled back to deeply pessimistic levels, similar to the post-pandemic cost-of-living shock when readings were among the weakest […]
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Japan’s household spending remained weak in August even as the decline moderated. Real spending by two-or-more-person households improved from -3.6% y/y in July to -3.1% in August, slightly better than the -3.5% consensus, but still Read more…
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Economic data are often revised. Sometimes the revisions change the story; sometimes they do not. Either way, they argue for humility when using data in policy debates. Recent revisions to US PCE inflation, UK productivity Read more…