Leading indicators for consumer spending in Australia
Vital forecasts and insights for retailers and their suppliers, service industries,
economists, and government forecasters.
Until recently, consumer survey-based indicators have provided little explanatory
power in forecasting consumer spending. But after years of research, the secret
has been cracked by Charlie Nelson, managing director of foreseechange. It is a
measure of willingness to spend, which combines with other survey based-measures
to deliver forecasts and insights. Contact Charlie.
Customised indicators for specific activity such as luxury new vehicle sales and
outbound international tourism have also been developed.
In the course of our research, we have constructed leading indicators with moderately
good predictive power for house prices, household disposable income, the household
saving ratio, and GST (goods and services tax).