Tag: consumer spending

Cautious spending over Christmas quarter hinders fast recovery for retailers, KPMG

The latest KPMG Australia Retail Health Index (RHI) indicates that a slower than expected Christmas trading period will see a sluggish return to positive health for the retail sector no earlier than...

Retail sales rise in January

Consumers spent $35.7 billion across the country in January, according to figures released by the Australian Bureau of Statistics (ABS). Australian retail turnover rose 1.1%, following a fall of 2.1% in December and...

Retail sales fall in December

Consumers spent $35.1 billion across the country in December, according to figures released by the Australian Bureau of Statistics (ABS). Australian retail turnover fell 2.7%, following a rise of 1.6% in November and...

Aussies to spend $2.5b as school returns

Australia’s back to school (BTS) purchases are set to generate $2.5 billion in sales, according to research by the Australian Retailers Association (ARA) and Roy Morgan. The inaugural research reveals that approximately five...

Household spending drops in December

The monthly CommBank Household Spending Insights (HSI) Index fell 3.9% in December. This, says the bank, was due to the cumulative effect of successive interest rate rises as well as consumers bringing forward holiday...

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...
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