The energy shock facing Australian consumers and businesses is more than just a headache for the Reserve Bank and
So far, signs are relatively good. Big industrial energy users to have reported in recent weeks, such asand Incitec Pivot, have generally seen their profit margins hold steady. Whether they eventually see an element of demand destruction remains to be seen, but it should be pointed out that the prices for the commodities they help produce – minerals and food – are holding up well.
“Until now, trading feedback had been overwhelmingly positive with consumers still spending and limited down trading, but as cost-of-living pressures came into focus trading slowed,” he wrote. “It’s difficult to separate the election impact from more lasting pressures, but our sense is it’s the latter. The consumer environment could be about to get more difficult.
Jarden’s veteran retail analyst, Ben Gilbert, sees several key trends from the US retail reporting season that ASX investors should note.
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