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Consumers spending more but cautiously
Australian consumers continue to think twice when they open their wallets, according to the latest Commonwealth Bank Business Sales Indicator.
Spending contracts in October
Economy-wide spending eased during October by 1.2 per cent in seasonally adjusted terms, according to the Commonwealth Bank Business Sales Indicator.
Spending rebounds to biggest lift in 4.5 years
Economy-wide spending rebounded in September, lifting by 3.9 per cent, according to the latest Commonwealth Bank BSI.
Retail sales rise 0.6% in January
Positive figures were recorded in January across all state and territories for the fourth straight month by the latest Commonwealth Bank BSI.
Consumers still weary
There are no signs of improvement just yet with another fall in June sales figures, according to the latest Commonwealth Bank BSI, which fell by 0.3 per cent.
Retailers on struggle mountain
The latest Commonwealth Bank BSI reported that retail sales slumped 1.4 per cent in April, the biggest fall of all industry sectors recorded.
July sales indicate turning point for retailers
The BSI, which tracks the value of credit and debit card transactions processed through Commonwealth Bank point-of-sale terminals, remained unchanged in trend terms.
Retail sales flat as consumers are uninspired by discounts
Australian retail sales were flat over the month of May, according to the latest Commonwealth Bank Business Sales Indicator.
