The announcement today of a modest rise in the Consumer Price Index (CPI) is likely to lead to the Reserve Bank (RBA) keeping interest rates on hold on the first Tuesday of next month (August), according to leading analysts and economist.
In a confidence boost for the industry, retail sales figures released this week are encouraging; plus Costco sales are up but profit is down, Petbarn chooses its logistics software, lobbying for less red tape and just who are the face of Uniqlo?
Retailers are demanding economic and political stability to bring consumer confidence back so they begin spending once again.
Despite a strong start earlier in the year, the retail industry has tumbled by 0.4 per cent in March.
Internet downloads have increased by a third in volume over six months to June 2012 quarter, according to the latest figures by the Australian Bureau of Statistics (ABS).
Despite the slight optimism from retailers prior to the Christmas sales, the results for December has unfortunately fallen short.
The retail turnover figures for November have been described by retailers as disappointing.
A rate cut is now more crucial than ever for retailers with the ABS retail trade figures showing that Australian retail turnover was flat in October.
The ABS trade figures show that while brighter trade results of 1.2 per cent were achieved in June, they have flatlined in July with turnover falling 0.8 per cent, seasonally adjusted
According to new Australian Bureau of Statistics figures retail turnover rose 0.5 per cent in May after a jump of just 0.1 per cent in April.
Last month's retail turnover growth appear to have given the industry false hope after it slumped 0.2 per cent in April.
Signs of improvements are showing after the Australian Bureau of Statistics retail trade figures show that Australian retail turnover rose 0.9 per cent in March 2012.
Following a 0.1 per cent rise in November 2011, the ABS has reported that retail trade figures for December, the most crucial month of trading, fell 0.1 per cent.
Following a 0.4 per cent rise the previous month, the latest ABS retail trade figures show that retail turnover rose 0.2 per cent in October.
For the third month in a row, the ABS retail trade figures has shown signs of improvement with the Australian retail turnover rising 0.4 per cent in September 2011.
The ABS showsthat retail turnover is heading slowly towards an upward direction as retail trade figures has grown 0.6 per cent in August.
It appears that consumers are spending again as the Australian retail trade turnover rose 0.5 per cent in July 2011, following a 0.1 per cent fall in the previous month.
The industry turnover was highly affected by the turnover of department stores which fell -3.2 per cent.
The Australian National Retailers Association has blamed carbon price uncertainty for keeping consumers out of shops leading to a drop in sales.
The fall in retail trade during May has ruined the glimmer of hope retailers felt after solid figures in April, according to the National Retailers Association.
The National Retail Association has praised the Reserve Bank of Australia after it announced a decision to keep rates on hold for another month.
A massive jump in the number of tax-related Google searches has prompted the search engine company and MYOB to encourage small business owners to set up a website in order to save their enterprise.
Internet orders received by Australian businesses jumped 15 per cent in 2009-10 worth just under $143 billion, new Australian Bureau of Statistics figures show.
Retail trade figures are up 1.1 per cent in April, seasonally adjusted, following a fall of 0.3 per cent the previous month, according to the ABS.
Retail trade figures released by the ABS has dropped 0.5 pr cent in March 2011 where the only positive turnover was seen in othing, footwear and personal accessory retailing up by a 0.1 per cent.
Both the ARA and the ANRA saidQueenslander's need for new household goods following the natural disasters of late December and January drove the 0.5 per cent growth in retail trade.
The trend estimate of the monthly retail turnover for South Australia decreased by 0.2 per cent in January 2011, while the national estimate was flat at 0.0 per cent.
The January retail trade figures from the ABS show a turnover of 0.4 per cent, seasonally adjusted, following a rise of 0.2 per cent the previous month.
The latest retail trade figures from the ABS have confirmed that consumers continued to remain cautious during the crucial December period.
Released on Monday, figures revealed that Australian retail turnover rose 0.3 per cent in November 2010, seasonally adjusted, following a revised fall of 0.8 per cent last October.
In the ABS' latest retail trade statistics, the largest fall for the month was recorded in cafes, restaurants and takeaway food services which had dropped -4.8 per cent
The retail industry depreciated 0.1 per cent in seasonally adjusted volume terms but year-on-year the results improved by 1.8 per cent.
Following Gerry Harvey's comments to bring the GST threshold on imported goods down to apply on products worth less than $1000, Choice says it would be "poor policy".
The latest ABS Retail Trade figures show that Australian retail turnover rose 0.3 per cent in September 2010.
The number of actively trading retail businesses in Australia dropped by 2.4 per cent between 2008-09, according to figures released by the ABS.
The latest ABS Retail Trade figures show that retail sales increased 0.3 per cent in August.
After reporting on the latest Australian Bureau of Statistics Retail Trade figures, retailbiz was able to catch up with ARA executive director Russell Zimmerman.
According to the company, the 22 per cent uplift in profit was driven off the back of sales of 7.12 million room nights across the Wotif Group.
The latest ABS Retail Trade figures show that retail sales increased 0.2 per cent in June, seasonally adjusted, compared with an increase of 0.2 per cent the previous month.
The latest Australian Bureau of Statistics figures show that retail sales rose 0.2 per cent in May, seasonally adjusted, compared with a rise of 0.6 per cent the previous month.
The latest Australian Bureau of Statistics retail trade figures show that sales in April rose 0.6 per cent compared with a rise of 0.8 per cent the previous month.
The latest ABS retail trade figures show that sales in February fell 1.4 per cent compared with a rise of 1.1 per cent the previous month.
The latest Australian Bureau of Statistics retail trade figures show that sales in January have been strong, rising 1.2 per cent seasonally adjusted, compared with a fall of 0.9 per cent the previous month.
A fourth consecutive RBA rate rise will have a significant impact on growth for retailers, who are still dealing with last year's three rate rises.
The latest figures of the Australian Bureau of Statistics show the Consumer Price Index rose 0.5 per cent in the December quarter of 2009, compared with a rise of one per cent in the September quarter.
ABS Retail Trade figures released showing 1.4 per cent growth in sales, compared with a rise of 0.4 per cent the previous month, was the first official sign of a strong Christmas very early on in the season.
The ABS Retail Trade figures released yesterday showing a small 0.3 per cent growth in sales, highlights the trend of patchy recovery and that Australia is not showing strong signs of spending consistent with trend economic growth.
The ABS October retail turnover figures show sales continue to be sluggish. In October retail sales were up 0.3 per cent, after a fall of 0.2 per cent in September and 0.5 per cent growth in August.
The latest retail figures from the Australian Bureau of Statistics show the seasonally adjusted estimate increased by one per cent in May 2009.
Australia has narrowly avoided going into recession, with the Australian economy growing 0.4 per cent in the March quarter.
In current price seasonally adjusted terms, Australian turnover increased by 2.2 per cent in March 2009 after decreasing by a similar amount in February and increasing for the previous four months.