Tag: spending

Black Friday boosts November spending

The CommBank Household Spending Insights (HSI) Index rose by 1.3% to 156.9 in November. This was led by a 5.7% jump in spending on household goods as shoppers took advantage of Black Friday...

Spending on essentials slows

Australians are freeing up more of their wallet for discretionary purchases with a focus on value and convenience, according to the latest CommBank iQ ‘Cost of Living Insights’ analysis. Overall spending continues to...

Household spending declines in September

The monthly CommBank Household Spending Insights (HSI) Index declined 0.7% in September to 146.7, despite increased recreation spending around the AFL and NRL grand finals. Six of the 12 spending categories saw a decline...

Black Friday sales a winner this Christmas

Retailers are welcoming an expected $69.7 billion boost in retail sales during the six-week peak season lead up to Christmas, marking a 2.7% increase on last year’s figures. New research from Roy Morgan...

Early Father’s Day boosts household spending in August

The CommBank Household Spending Insights (HSI) Index rose by 1.8% in August to 154.3 as consumers splurged in the lead-up to an early Father’s Day. 10 of the 12 spending categories rose in the...

Household spending flat in July

The monthly CommBank Household Spending Insights (HSI) Index was flat in July, unchanged at 148.2. Modest spending increases were seen across seven of the 12 spending categories, with the most notable uplifts in household goods (up 1.3%),...

Attracting customers as spending drops

Amid the cost-of-living crisis, Australian businesses need to stand out from the crowd in order to attract customers. Pratik Doshi, founder and CEO of Convincely, a tech industry disruptor which utilises captivating gaming...

Aussies to spend $820m this Father’s Day

Australians are set to spend $820 million on gifts this Father’s Day, according to research from the Australian Retailers Association (ARA). More than eight million shoppers nationwide are planning to buy gifts for...
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