Australian consumer and business confidence have varied sharply in 2022 as households failed to adapt to the Reserve Bank's aggressive tightening cycle.
More good news for SMBs in the lead up to Christmas with a new study showing consumer confidence has significantly increased in recent months.
Despite improving conditions in the global economy local consumer confidence has fallen, as households remain concerned about the state of their own finances.
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.
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.
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 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 […]