"It's pretty clear the Australian economy is moderating," Perpetual's Head of Investment Strategy Matt Sherwood said.According to AMP Capital, the number of companies reporting a fall in earnings has jumped by more than three-quarters to 41 per cent.And although some high-profile names like Qantas and Rio Tinto are showering their investors in cash, dividends are also on the way down.
So, while the big miners are being propped up by high global commodity prices, Dr Oliver makes the obvious point that many others have had six months to forget. "Consumer spending is around 60 per cent of Australia's GDP, so it's very important when we're looking at the future outlook for economic growth in Australia," Saxo Capital Markets analyst Eleanor Creagh noted.Another fall in construction activity in the December quarter has already been reflected in the results of companies like Stockland, A.V. Jennings and Boral.
Profits have been too high for too long. It's time to redirect funds to wages rather than shareholders auspol sallymcmanus ausunions unionsaustralia
. The RBA must be sitting again soon... These stories always come ouy at the atart of each month. Coincidence? Timed releases by PR departments of interest groups? Or editors paid off?
Well if penalty rates were still apart of the economy and if employees were given wage increases regularly = people would have money to spend on these companies . But hey you companies are always against what actually helps you survive . Spending keeps the wheels turning .
When the economy does well, companies cant afford a payrise for their workers, Then the economic slows down & they can't afford a payrise.... Screwed every way
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