Tag: consumer spending

Spending rises in March

The CommBank Household Spending Insights (HSI) Index rose 0.9% in March. According to the bank, this was buoyed by a lift in recreation and hospitality spending off the back of Melbourne Grand Prix and the...

Easter spending predictions

Easter trading will provide a “sweet boost” for retailers with spending across DIY projects, travel and food expected to elevate the national retail economy this April, according to new data from the...

Food continues to drive spending

Consumers spent $37.1 billion across the country in February, according to figures released by the Australian Bureau of Statistics (ABS). Australian retail turnover rose 0.2%, following a rise of 0.3% in January and...

Reserve Bank leaves cash rate unchanged at 4.10%

The Board of the Reserve Bank of Australia has decided to leave the cash rate unchanged at 4.10%, which retailers say is a significant blow for consumer and business confidence that will...

Spending falls in February

The monthly CommBank Household Spending Insights (HSI) Index fell by 0.2% in February. The bank notes that Valentine’s Day failed to invigorate spending with consumers pulling back most on recreation (down 1.6%) and hospitality (down...

Food boosts January spending

Consumers spent $37.08 billion across the country in January, according to figures released by the Australian Bureau of Statistics (ABS). Australian retail turnover rose 0.3%, following a fall of 0.1% in December and...

RBA cash decision brings relief to retailers

Retailers have called the decision from the Reserve Bank of Australia a welcome confidence boost but warned tough times are far from over for the sector. Peak bodies, the Australian Retailers Association (ARA)...

Household spending flat in January

The monthly CommBank Household Spending Insights (HSI) Index was flat in January, unchanged at 153.4. Modest spending increases were seen across six of the 12 spending categories, with the most notable uplifts seen in spending...
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