Tag: consumer spending

Aussies cut back on their spending

Almost half (47%) of the Australians surveyed in a recent pulse study conducted by Monash University are shopping for lower-priced brands more now than they did at the same time last year. The...

Grocery and restaurants drive April sales

Australian retail sales increased 2.6% in April compared to the same time last year, according to the latest Mastercard SpendingPulse, despite most retail categories experiencing double-digit declines. The total growth was driven by...

Retail sales rise in March amid cost-of-living pressures

Australian retail turnover rose 0.4% in March 2023, according to figures released by the Australian Bureau of Statistics (ABS). This follows a 0.2% rise in February. Year on year, retail sales recorded 5.4%...

Retail sales rebound in January

Australian retail turnover rose 1.9% in January, a solid year-on-year growth increase of 7.5% on the same time the previous year, according to figures released today by the Australian Bureau of Statistics...

‘Solid’ sales in January amid economic uncertainty

Australian retail sales increased 6.3% in January compared to the same time last year, according to the latest Mastercard SpendingPulse. Most retail categories maintained reasonable momentum after a record holiday spend. Lodging recorded...

Aussies expected to splurge this Valentine’s Day

Australians are set to spend $485 million this Valentine’s Day (up 16.9% on 2022), according to new research. The research from Australian Retailers Association (ARA), in conjunction with Roy Morgan, suggests that consumers...

Groceries drive December sales

Australian retail sales increased 1.7% in December compared to the same time the prior year, according to the latest Mastercard SpendingPulse. Most retail categories continued to show sales growth year on year. Apparel...

Record spending in November

Retail sales have marked 15 consecutive months of growth, with a record $35.9 billion spent in stores and online in November 2022. This was an increase of 7.7% on the same time...
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