Tag: report

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...

Youth backed brands revealed

YouTube has been ranked as the top brand in YouthInsight’s ‘Australia’s Top 100 Youth Brands Report 2023’. The platform was also named the leading entertainment brand of Australian youth. YouTube’s number-one ranking was attributed...

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...

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...

Generative AI’s potential in retail

Australia’s retail sector could unlock billions of dollars in value by 2030 if it accelerates the “responsible adoption” of generative artificial intelligence (GAI), finds a new report. The report, Australia’s Generative AI Opportunity,...

New report dives into SMB retailer concerns

While some small and medium-sized Australian retailers are surpassing performance expectations in the face of significant challenge, many say they are failing to meet their financial benchmarks, according to the inaugural ARA...

Mixed spending amid rising cost of living

A new report by CommBank iQ takes a look at changes in spending behaviour in response to inflation, interest rate rises and rent increases. CommBank iQ is a joint venture between Commonwealth Bank...
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