Tag: consumer spending

Retail sales rise in November

Consumers spent more than $36.5 billion across the country in November, according to figures released by the Australian Bureau of Statistics (ABS). Australian retail turnover rose 2%, following a fall of 0.4% in...

Household spending rises in November

The monthly CommBank Household Spending Insights (HSI) Index rose 1.8% in November. This was driven by consumers bringing forward their holiday shopping to take advantage of heavy discounting during Black Friday and Cyber...

Steady rise in retail sales expected in 2024, Deloitte

While the Australian economy has dodged a recession in 2023 so far, the retail sector did not. Yet after three consecutive quarters of retail decline, the worst is over – the September...

Retail turnover falls in October

Consumers spent more than $35.7 billion across the country in October, according to seasonally adjusted figures released by the Australian Bureau of Statistics (ABS). Australian retail turnover fell 0.2% in October, following rises...

Aussies spend on travel and entertainment amid rising costs

Australians continue to prioritise spending on travel and entertainment despite feeling ongoing pressure from rising living costs, according to the latest CommBank iQ Cost of Living Insights Report. The report shows quarterly spending...

Household spending drops in October

The monthly CommBank Household Spending Insights (HSI) Index fell 1% in October. This was led by declines in spending across recreation, hospitality and food and beverage as the ongoing effect of interest rate...

Retail sales rise in September, but uncertainty continues

Consumers spent more than $35.8 billion across the country in September, according to seasonally adjusted figures released by the Australian Bureau of Statistics (ABS). Australian retail turnover rose 0.9%, following rises of 0.3%...

Household spending increased in August

The monthly CommBank Household Spending Insights Index rose 0.7% to 137.0 in August. This was led by increased education spending by international university students, higher transport spending due to increased petrol prices and...
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