Sluggish January retail sales following December slump

The retail trade figures released by the Australian Bureau of Statistics (ABS) today revealed that sales for January remained sluggish but were an improvement on the December 2017 slump.  The ABS figures show that retail turnover rose by 0.1 per cent seasonally adjusted in January, following a drop of 0.5 per cent in December last […]

ABS retail figures show stable period for July 2017

The Australian Bureau of Statistics (ABS) retail trade figures for July 2017 released earlier today show a stable start for the industry in the second-half of the year. For the month of July, the trend estimate for Australian turnover rose by 0.3 per cent, closely in line with 0.4 per cent increases recorded in May […]

Confidence lifts for third time in past month

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 […]

Brexit and Australian consumer confidence

While British shoppers put away their wallets, doom and gloom from the Brexit referendum hasn’t heavily impacted Australia’s retail sector. Despite the recent financial turmoil, ANZ-Roy Morgan consumer confidence index fell 1.7 per cent, however it remains above the monthly average. Although, Felicity Emmett, Head of ANZ Australian Economics warns that Australians are still vulnerable […]