OZ Dollar Falls Below $0.60 Westpac Claims ‘Technical Recession’ Consumers Still Spending
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March 18, 2020
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The Australian dollar has fallen below $0.60 due to the Coronavirus and the slump in share values in Australia, and while goods... Read More
Black Friday & Cyber Monday Boost November Sales, Slow Christmas
National Australia Bank’s analysis of the nation’s spending over November and December has highlighted the booming popularity of Cyber Monday and Black... Read More
$14 Billion Will Be Spent In The Seven Days Before Christmas
A total of $14 billion will be spent across Australia in the lead up to Christmas as the National Retailers Association (NRA)... Read More
Oz Retail Market Up Despite Gloom
Australian retail sector activity reportedly increased in September according to a survey of the services industry suggesting it may not be all... Read More
April Retail Sales Slump, RBA Cuts Rates
Australian retail sales dived 0.1% in April [seasonally adjusted], contrasting the 0.2% lift analysts had expected. Results were hampered by sluggish performance... Read More
Oz Online Video Game Spending Hits $4bn: Industry Seeks Tax Deal
Consumer spending on online video games is continuing to soar, jumping 25 per cent to $4.03 billion in 2018, according to the... Read More
Economists Tip “Very Weak” April Retail Sales
NAB economists are forecasting a significant drop in local retail sales for April – a 0.5% decline versus ABS numbers in March.... Read More
Xmas Retail Sales Weaker Than Expected
Australian retail turnover was significantly less-than-expected in December, with ABS data revealing a 0.4% slump versus the flat result economists expected. The... Read More
October Retail Sales Up 0.3%, Online Soars
Australian retail sales remained subdued in October, lifting 0.3% [seasonally adjusted] in line with analyst expectations. Excluding food (-0.9%), retail turnover jumped... Read More
Retail Sales Miss Forecasts, Department Stores Flat
The ABS claims retail turnover jumped 0.2% in September, missing economist forecasts for a 0.3% lift. The results saw a minor spike... Read More
