Commsec has released its business sales index report for July 2018 and it is welcome news for the retail sector. The data – which measures the value of credit and debit card transactions processed via Commonwealth Bank merchant facilities – has seen a July annual growth rate of 16.6 per cent for retail stores, the […]
Source: CommSec – Economic Insights According to Commsec, the ANZ/Roy Morgan consumer confidence rating rose by 1.0 per cent to 110.5 in the latest week – the third rise in the past four weeks. Confidence levels bounce around from week to week, but CommSec believes that broadly Aussie consumers are just feeling OK. “If anything, consumers are […]
We’re going to the cinema, taking short breaks and focusing on holidays, with tourist destinations like Tasmania recording healthy spending results despite lacklustre overall spending, according to the latest data from Commsec research. Craig James, Chief Economist at Commsec has reported that economy-wide spending has remained flat over April, with annual trend growth in sales […]
How are retail businesses performing across each of Australia’s states and territories? Each quarter CommSec analyses key indicators across the Australian economy and compares current performance with decade averages, and each of the states. According to the CommSec State of the States January report, NSW has maintained the top spot on the retail rankings with solid activity […]
Retailers have reason to be hopeful of a very Merry Christmas in 2016, following the release of the Commonwealth Bank Business Sales Index (BSI) for September. The BSI – released late last week – was jam-packed with good news for retailers on the consumer spending front and this should act as a real shot in […]