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...
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...
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...
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...
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%...
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...
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...
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...
