Tag Archives: AUD

Market Watch AUD and Jigsaw Mats

Market Watch AUD and Gym Mats

As Josip Broz Tito once said, “If Bosnia is strong then all of Yugoslavia is strong”. In the same way it could be said that if the AUD is strong all of Australia is strong. But while we remain strong in the cricket and rugby our economy is not strong. And when the economy is not strong than the AUD suffers. That has been the case as the AUD lost another 30 points against the USD. This was after American consumer confidence surprisingly jumped, to an eight-month high. This is in contrast to Australia where consumer confidence is low and the retail sector is suffering.

The American markets are booming since realising that the cost of borrowing will fall after 2.25% worth of interest rate increases since December 2015. Since consumerism contributes 70% of US GDP, this is a welcome occurrence. This positive sentiment is reflected in the stock market and retails sales. While the Australia stock market is also rising the same can’t be said about retail spending which is in a slump. Also further falls in the AUD may cause more damage to consumer sentiment as they realise things aren’t as good as they should be.

The sale of gym mats has held up though. Even today we got a significant enquiry from one of the major rugby leagues looking at purchasing a large quantity of gym mats for one of their overseas operations. Similarly gym mats sales have been going from strength to strength as Southern Cross Mats and Ezy Mats (our parent company) expand market share. This has been mainly due to word or mouth about our excellent range of gym mats which include:

  • Jigsaw Mats
  • MMA Mats
  • Tatami Mats
  • Yoga Mats
  • Folding Mats
  • Gymnastics Mats
  • EVA Mats

In fact this is one of the largest ranges of gym mats in the southern hemisphere.

Thus far the depreciation of the AUD has not had an adverse effect on gym mat pricing. This will hopefully persist into the future.

AUD Drops After RBA Comments

AUD Drops After RBA Comments

The price of martial arts mats is at risk of rising after comments by the RBA cause the value of the Australian Dollar to drop. The AUD drops after RBA comments indicated that the next interest rate movement could just as easily be down as up. This is after marketing expectations had largely been in favour of the increase of interest rates in the next year.

The AUD is being weighed down by lacklustre growth figure and inflation figures. Both of which have been impacted by weakness in the housing market and consumer demand. This coupled with the dark cloud brewing over the world economy are further causing strain on the AUD.

It is expected that the weakness in the AUD with put pressure on the price of imported goods. This will impact on the price of jigsaw mats and well as other training mats. Jigsaw mats and MMA mats are generally an imported item which is sensitive against a devaluing AUD. It is expected that the price of jigsaw mats and MMA mats will increase in the immediate future if the lower AUD persists.

AUD Drops After RBA Comments

AUD Drops After RBA Comments