Tag: consumer spending

Household spending flat in July

The monthly CommBank Household Spending Insights (HSI) Index was flat in July, unchanged at 148.2. Modest spending increases were seen across seven of the 12 spending categories, with the most notable uplifts in household goods (up 1.3%),...

Mid-year sales boost spending in June

Consumers spent $36.2 billion across the country in June, according to figures released by the Australian Bureau of Statistics (ABS). Australian retail turnover rose 0.5%, following a rise of 0.6% in May and...

Bargains boost retail sales in May

Consumers spent $35.9 billion across the country in May, according to figures released by the Australian Bureau of Statistics (ABS). Australian retail turnover rose 0.6%, following a rise of 0.1% in April and a...

Household spending rises in May

The monthly CommBank Household Spending Insights (HSI) Index increased 1.1% in May to 150.21. This follows a 1% drop in April, continuing the month-to-month spending volatility seen throughout 2024. While household spending rose in May,...

Retail turnover falls in March

Australian retail turnover fell 0.4% in March, according to figures released by the Australian Bureau of Statistics (ABS). This follows a rise of 0.2% in February and a rise of 1% in January....

Household spending soft in March

The monthly CommBank Household Spending Insights (HSI) Index increased 0.2% in March to 141.8. This, says the bank, was led by shoppers stocking up the fridge ahead of the earlier-than-usual Easter break. The spending uplift was...

Small growth in February retail sales

Consumers spent $35.8 billion across the country in February, according to figures released by the Australian Bureau of Statistics (ABS). Australian retail turnover rose 0.3%, following a rise of 1.1% in January and...

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...
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