Tag: Consumer Spending

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.

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.

Consumer spending across the country is continuing to rise, but as businesses become more optimistic, experts are warning consumer confidence remains fragile.

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.

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.

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).

Despite improving conditions in the global economy local consumer confidence has fallen, as households remain concerned about the state of their own finances.

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.

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.

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.