Boxing Day Sales expected to rake in $3.6 billion as Aussies ignore Reserve Bank warnings
Nothing will get in the way of a good sale, not even warnings on the economy with interest rates expected to continue to rise. Consumer research released today reveals an extra half a million shoppers more than last year will be seeking a bargain in the Boxing Day sales this year. All up it is […]
Rising prices and return to work lift consumer spending in June but higher interest rates making an impact
Consumer spending measured by the CommBank HSI Index rose by a modest 0.9 per cent in June to 117.3%, while there was clear evidence of weaker discretionary spending following the recent interest rate hikes. The marginal rise in the index – which combines Commonwealth Bank of Australia (CBA) payments and lending data and Google Trends […]