The February Business Sales Indicator from the Commonwealth Bank has revealed a modest growth of 0.1 per cent for the second month in a row, highlighting a decline in the growth rate during the last five months.
SMBs have received some positive news in the lead up to Christmas with a new study showing sharp rebounds in consumer spending.
Consumer spending across the country is continuing to rise, but as businesses become more optimistic, experts are warning consumer confidence remains fragile.
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).
Business sales edged upwards in August and recorded their strongest result for four months, with experts suggesting that whilst it isn’t a strong result, it’s a good start in the right direction.
Poor spending looks set to continue hurting the retail industry, with the Commonwealth Bank Business Sales Indicator (BSI) falling again in June.
You have reached the end!
