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18 Oct 14 - Consumer Household News

ANZ-Roy Morgan Consumer Confidence boosted by household finances
The improvement last week was driven by perceptions of households' financial situation compared to a year ago (+3.8%) and expectations over the next year (+3.3%).

Why Everything Elizabeth Warren Told You About Consumer Credit Is Wrong
But when it comes to non-mortgage debt, Federal Reserve data indicate that while consumer debt rose dramatically in the post-War period, since the 1960s the household debt-service ratio (the percentage of household income dedicated to debt service) has ...

ANZ chief Mike Smith plays down housing fears but worries over household debt
Margaret Jackson, chairwoman of Spotless, said business and consumer confidence remained low despite some opportunities. "There's nothing out there this minute that looks like it's going to move the index," she said.

Renewable power scores a consumer endorsement
The Warburton review accepted that the gross cost of the RET is only 4 per cent of average household power bills. By 2020 there will be a net benefit to consumers of around $35-$56 per household, per year, as a result of the impact the RET has on ...

Economists looked at $A, CPI, confidence
He also said he had little hope for good news from the Westpac-Melbourne Institute survey of consumer consumer sentiment the following day, "given that domestic economic news has remained downbeat, and falling equities are weighing on household ...

NSW networks '50% overvalued'
"The NSW consumer is paying roughly twice what those in Victoria pay in network charges. According to the newspaper, Ms Kuiper said any revaluation would not affect asset sales: "Since the asset values would be more transparent, more realistic, this ...

STOCKS RALLY, DOW JUMPS 263: Here's What You Need To Know
“Tight mortgage credit has resulted in all net new household formations continuing to go into rental units, driving multi-family to the highest share of new home construction (36% average this year) in thirty years,” Morgan Stanley's Ted Wieseman noted ...

Billions in desalination costs for not a drop of water
Under the deal struck by Labor, Melbourne households are still required to pay about $600m via an annual holding charge, regardless of whether water is taken.

Australian Consumer Confidence Is Riddled With Pessimism
The big question is whether this improved financial situation is going to lead to more spending as it has in the past or rather that this view of family finances is a result of subdued spending and more savings improving household balance sheets. It is ...

Why rooftop solar makes networks such a hard sell
Queensland has even higher costs per consumer for the delivery of electricity than NSW, and is state owned generators are even more exposed to the incursions of solar than NSW.

ANZ-Roy Morgan Consumer Confidence Continues to Stabilise Around Average ...
Households were generally more optimistic about their current circumstances. Household perceptions about their 'financial situation compared to a year ago', the sub-index most closely correlated with consumer demand, rose by 3.8%. 'Time to buy a major ...

Australians worried about future of economy
Australians are still saving their pennies, despite feeling more upbeat about their household finances than they did a year ago.

Shale Boom Helping American Consumers Like Never Before: Energy
For U.S. consumers, it's more like an early holiday gift. The drop in crude has pulled retail gasoline down more than 50 cents a gallon from the year's high in April.

How Utilities Can Embrace Solar Energy
Sometimes it's coming from a consumer, sometimes it's coming from a supplier, but at the end of the day the solar power system provided exactly enough energy to power the home's need. If this home were in a location where net metering is allowed (which ...

The American Consumer Is On Track To Save $40 Billion In Annual Energy Costs
According to Deutsche Bank's Joe LaVorgna, every one cent change in the price of a gallon of gas is worth approximately $1 billion in annual US household energy expenditures. Since June, retail gas prices went from around $3.70 per gallon down to $3.30 ...

On 'Epic Recession': From Prelude to Transition
That's why consumption is stagnating in the west, and why consumer debt is being offered as a substitute to households lagging in income growth. And that's why the AEs are experiencing this 'stop-go' economic growth that continues. It's a lack of real ...

Dick Smith Holdings Ltd, Kathmandu Holdings Ltd and Super Retail Group Ltd: 3 ...
While the analyst with the winning report made a number of good points, the alternate view that Harvey Norman is leveraged to a rebound in consumer spending - particularly on big ticket household items - is a strong argument too. The pros and cons for ...

CEA and Parks Associates Find Twenty Percent of US Broadband Households ...
ARLINGTON, Va.--(BUSINESS WIRE)--A new survey released today by the Consumer Electronics Association (CEA)® and Parks Associates shows continued strong growth of smart home products in U.S. homes, as 20 percent of households with broadband ...

Consumer sentiment jump may not survive Ebola, Wall Street scare
“The better reading on household confidence provides some indication that consumers' attitudes have remained unperturbed by the recent turbulence in global financial market and the Ebola scare.

BoJ says inflation moving towards target
"A positive growth mechanism... is firmly in place both in the corporate and household sectors," Mr Kuroda said in a speech at a meeting sponsored by Community Bank Shinyo Kumiai, a group of credit unions.



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