Australian consumers continue to think twice when they open their wallets, according to the latest Commonwealth Bank Business Sales Indicator.
Australian consumers and businesses have started 2013 on a positive note with the latest Commonwealth Bank Business Sales Indicator showing economy-wide spending lifted in January.
Economy-wide spending eased during October by 1.2 per cent in seasonally adjusted terms, according to the Commonwealth Bank Business Sales Indicator.
Economy-wide spending rebounded in September, lifting by 3.9 per cent, according to the latest Commonwealth Bank BSI.
There are signs that economy spending is on the rise, but it appears that performance growth is still slow, according to the latest Commonwealth Bank Business Sales Indicator.
The latest Commonwealth Bank business sales indictor increased by 0.8 per cent in trend terms in March, following a 9.9 per cent gain in February and 1.0 per cent increase in both January and December.
Positive figures were recorded in January across all state and territories for the fourth straight month by the latest Commonwealth Bank BSI.
According to the latest Commonwealth Bank Business Sales Indicator, consumers continued to increase their appetite for spending in November.
Retail recovery continues to strengthen indicated by more positive results in October from Commonwealth Bank's Business Sales Indicator.
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.
The latest Commonwealth Bank BSI reported that retail sales slumped 1.4 per cent in April, the biggest fall of all industry sectors recorded.
The BSI, which tracks the value of credit and debit card transactions processed through Commonwealth Bank point-of-sale terminals, rose by 0.5 per cent in trend terms in February, following previous gains in December and January.
Australian retail sales remained relatively flat over the month of February, according to the latest Commonwealth Bank Business Sales Indicator.