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Consumer Confidence Leaps 1.4%, Still At Historic Lows

Nathan Jolly May 23, 2023 No Comments

Consumer confidence was up 1.4 per cent over the past week, but it remains at historically low levels. The ANZ-Roy Morgan Australian Consumer Confidence index was up 1.4 percentage points…

OZ Consumer Electronics Spending Fell 16% In April

Nathan Jolly May 22, 2023 No Comments

Australians are tightening their purse strings as the levels of inflation remain high and interest rates show no signs of easing. According to the latest Mastercard SpendingPulse, which measures in-store…

Westfield Sales Up 14.4% For Quarter

Nathan Jolly May 11, 2023 No Comments

Westfield malls attracted 163 million customer visits over the first four months of 2023, an increase of 20 million shoppers from the same period in 2022. On a rolling 12-month…

Consumer Spending Down In April: NAB

Nathan Jolly May 9, 2023 No Comments

Consumer spending has fallen for the second month in a row, according to NAB’s transaction data for April. Total spending fell 0.8 per cent in April, a steeper drop than…

Big W Sales Up, E-Commerce Drops

Nathan Jolly May 2, 2023 No Comments

BIG W saw a 5.7 per cent increase in sales for the first three months of 2023, as shoppers returned to physical outlets. Sales for the quarter increased to $1.046…

Aussie Easter Spend Fails To Outpace Inflation

Nathan Jolly April 20, 2023 No Comments

Australian consumers spent $8.1 million over the Easter trading period, a modest 4.5 per cent leap over 2022 that failed to rise above the 7.3 year-on-year inflation rate. This figures…

Big Chinese Online Retailer Targets OZ Retailers

David Richards April 18, 2023 No Comments

Online retailers and in store retailers such as Target, Big W And Kmart, who have recently expanded their value product range due to inflation pressures, are facing a major new…

Unemployment Rate Holds Steady At 3.5%

Nathan Jolly April 13, 2023 No Comments

The unemployment rate remained at a near 50-year-low in March, according to data released today by the Australian Bureau of Statistics. Employment increased by around 53,000 people, and the number…

BREAKING NEWS: No Rate Rise, Confidence Rises

Nathan Jolly April 4, 2023 No Comments

Consumer confidence is up by 1.6 percentage points this week, as households crossed their collective fingers for the rate pause delivered this afternoon from the RBA. As expected, the RBA…

OZ Retail Job Vacancies Plunge

Nathan Jolly March 31, 2023 No Comments

New data shows Australian retail job vacancies have dropped 27 per cent since November. According to ABS data, there are 36,400 retail jobs across Australia that need to filled, compared…