#Consumer Sentiment
Australia’s business sentiment halts, consumer sentiment drops to lockdown levels
Australian consumer and business confidence have varied sharply in 2022 as households failed to adapt to the Reserve Bank's aggressive tightening cycle.
Budget release boosts Consumer Confidence
The last fortnight has seen a 5.4 per cent cumulative rise, with the Government’s Budget and the RBA rate cut seen in May being cited as key factors behind the boost.
Consumer confidence drops, petrol prices cited
Consumer sentiment dropped by 3.2 per cent during April, hitting 96.2 per cent from the 99.5 registered in March.
Christmas consumer sentiment slump
Consumer sentiment has experienced its longest run of pessimism since the Global Financial Crisis and, before that, the early 1990s recession, according to the Westpac monthly sentiment index.
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.
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.
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.
Aussie consumers the most positive of all nations
Australia has the highest consumer confidence of all developed nations, a new survey has found, with optimism increasing locally for the first time since July 2010.
Consumer confidence bounces back
Businesses have welcomed news of a surprise jump in consumer sentiment, as the number of optimists outweighs the number of pessimists for the first time in some months.
3 big policy challenges for small business
Opposition spokesperson Senator Scott Ryan on how the Federal Government has failed small business: “Small businesses comprise 96 percent of all Australian enterprises. It is a sector that is only ignored at our greater peril, yet it is one to which this Labor Government has refused to listen.”
Rate cuts bump up consumer sentiment
Consumer sentiment has jumped 6.3 percent this month, thanks largely to the Reserve Bank’s decision to cut interest rates.
Consumer sentiment falls to two-year low
More bad news for businesses has been spelt out today, with the Westpac-Melbourne Institute Index of Consumer Sentiment for August falling to levels not seen since May 2009.
Carbon tax uncertainty pulls consumer sentiment down
Consumer sentiment fell 8.3 percent in July, to levels not seen since May 2009, thanks to uncertainty about the carbon tax, concerns over the European financial crisis and the ongoing impact of seven rate rises between October 2009 and November 2010.
Cash bonus to kick in: spend or save?
With the Federal Government’s $900 cash bonus – part of the $42 billion stimulus package – hitting consumer bank accounts today, research conducted by the Australian National Retailers Association (ANRA) has shown that people are divided on whether to spend the money or save it. The ANRA consumer sentiment survey has shown that 22 percent […]
Small businesses seek financial advice in crisis
Small businesses are increasingly turning to suburban accounting and legal firms for advice on insolvency and bankruptcy issues as the economic crisis takes hold. A survey conducted by Deloitte of Black Inc. Members (network providing specialist accounting and financial service advice) has found that 80 percent of clients of suburban accounting and legal firms are […]