Last week, the Australian Bureau of Statistics (ABS) revealed that the Australian Consumer Price Index (CPI) rose 1.2% in the September 2023 quarter – significantly higher than the 0.8 per cent rise...
The Reserve Bank of Australia (RBA) has left interest rates on hold for the fourth consecutive month, with its cash rate target remaining at 4.1%.
RBA Governor Michele Bullock says the higher interest...
The Reserve Bank of Australia (RBA) has left interest rates on hold, with its cash rate target remaining at 4.1%.
This follows last month’s pause after interest rates had been increased by 4 percentage...
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%...
Woolworths has released its 2023 third quarter results, with Group sales revenue increasing by 8% to $16.34 billion.
Across its Australian Food division, sales increased 7.6% in Q3 to $12.3 billion with Woolworths...
By CreditorWatch Chief Economist Anneke Thompson.
This month’s economic data was dominated by the release of quarterly CPI data. While an increase of 7% for the March quarter was promising in that it...
Woolworths has released its 2023 half year results, with Group sales increasing 4% to $33.2 billion.
Across its Australian Food division, sales increased 2.5% in the half to $24.4 billion (3-yr CAGR: 5.5%) driven...
As Australia’s official cash rate continues to rise, cost of living spikes and pay rises fail to keep pace with surging inflation, we might be heading for a personal and corporate insolvency...
