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...
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...
Retail sales continued to strengthen in October with sales increasing 12.9% in October compared to the same time last year, according to Mastercard SpendingPulse. Sales were also up 28.2% on pre-pandemic levels.
All retail...
