Tag: consumer 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...

E-commerce retailers must consider both convenience and value to succeed

After significant growth in peak pandemic years, Australian consumer online retail spending has stabilised, according to the Australian Ecommerce Report 2023 by IAB Australia and Pureprofile. The report found that 67% of surveyed...

Aussies to still spend big this Father’s Day

Ahead of Father’s Day this Sunday (3 September), new research suggests that Australians are set to spend $860 million on gifts. The research from the Australian Retailers Association (ARA) in collaboration with Roy...

Consumers continue to cut back on spending

Australians continued to “tighten their belts” in July, according to a new Commonwealth Bank of Australia (CBA) report, with spending growth declining nationally to just 1.3% in the year to July. The monthly CommBank...

Aussies reluctant to sacrifice certain luxuries

Millions of Australians are refusing to give up their little luxuries, according to new research by Finder. A Finder survey of 1096 respondents revealed three quarters of surveyed Australians (74%) – equivalent to...

Retail volumes fall for third straight quarter

Australian retail sales volumes fell 0.5% in the June quarter 2023, making it the third quarter in a row to see a fall, according to figures released by the Australian Bureau of...
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