Mobile technology driving new retail
The value of retail purchases on mobile devices is set to increase to $5.6 billion in 2012, up from the $155 million generated by mobiles in 2010, a new report has revealed.
...read moreArticles Tagged 'consumer spending'
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Consumer confidence delivers hope for Christmas
More good news for SMBs in the lead up to Christmas with a new study showing consumer confidence has significantly increased in recent months.
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Consumer spending rebounds as Christmas looms
SMBs have received some positive news in the lead up to Christmas with a new study showing sharp rebounds in consumer spending.
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RBA leaves cash rate unchanged
The Reserve Bank has again left the official cash rate on hold at 3.5 percent, citing on trend inflation and growth as well as a rise in the number of businesses applying for credit.
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Gains in consumer spending reversed in July
All improvements in spending recorded during May and June have been reversed, according to a leading index, as consumer sentiment proves it’s far from recovered.
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Spending up a solid 2.5 percent in June
Economy-wide spending enjoyed a solid gain in June, according to the latest Commonwealth Bank Business Sales Indicator (BSI), suggesting consumers are slowly becoming less tentative about parting with their cash.
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Spending up, but confidence remains fragile
Consumer spending across the country is continuing to rise, but as businesses become more optimistic, experts are warning consumer confidence remains fragile.
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Business confidence slides further, but SMBs remain positive on outlook
Despite business confidence continuing to fall as a result of weak consumer spending, half of SMBs remain optimistic about their ability to ride out the tough times, a new report has found.
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Spending growth is slowing, according to key indicator
Spending rose across the economy in April, according to the latest Commonwealth Bank Business Sales Indicator (BSI), though it appears business sales growth may be slowing as a result of declining consumer confidence.
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Recovery consolidates as business sales rise steadily
The recovery in economy-wide spending appears to have consolidated as business sales remain positive, according to the latest Commonwealth Bank Business Sales Indicator (BSI).
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Consumer confidence tugged down by household financial concerns
Despite improving conditions in the global economy local consumer confidence has fallen, as households remain concerned about the state of their own finances.
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Consumers close wallets on holiday, travel spend
With an eye on their pockets, over 50 percent of local consumers will skip the traditional summer holiday this year and stay at home, while who do travel will cut down on their spend while on holiday.
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SMB sales up, retail hoping for Christmas miracle
Small business sales were up in October, suggesting that consumer spending will creep back in the lead up to Christmas, according to the latest figures from ANZ.
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Retail turnover rises, again
With Christmas less than eight weeks away, retailers have received a much-need confidence boost with the Australian Bureau of Statistics (ABS) reporting retail turnover rose 0.4 percent last month.
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August retail turnover up 0.6 percent
Some good news has been spelled out in the latest Australian Bureau of Statistics (ABS) Retail Trade figures, with retail turnover rising 0.6 percent in August.
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Household expenditure up 38 percent
Housing, food and transport now account for half of Australian’s household spending, according to a six yearly survey released by the Australian Bureau of Statistics (ABS).
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June retail turnover slides
Retail turnover fell a seasonally adjusted 0.1 percent in June, with turnover falling most sharply in Department stores and Household goods retailing.
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May retail turnover slips 0.6 percent
Retail turnover fell a seasonally adjusted 0.6 percent in May, following a rise of 1.2 percent the month prior.
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