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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 lifted in January
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.
Retail sector grows
For the first time in close to 12 months, the retail sector has expanded.
Easier business banking with CommBiz
To create a more convenient banking, Commonwealth Bank has launched multiple technology firsts and enhanced the functionalities of its existing technologies.
Aussies to fork out big during Christmas
With less than a month to go before Christmas Day, Australians are expected to spend $475 on average on Christmas gifts, according to research from the Commonwealth Bank of Australia.
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.
Commbank, Myer customers rewarded for shopping
Their customers will be rewarded with points for using their Commonwealth Bank Awards credit card in-store at Myer.
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.
CommBank launches next-gen POS
With the aim of "deepening the customer relationship" in mind, Commonwealth Bank, together with IDEO and Wincor Nixdorf, have created and launched Pi.
Business performance slows down
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.
Business sales rise indicates recovery
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.
Mid-market confidence surges
Mid-market businesses are preparing to expand as confidence surges to a score of 9.3 from -0.3 since September 2011, according to the latest Commonwealth Bank Future Business Index.
CommBank to talk digital
Commonwealth Bank's Small Business Forums is making a return to help small businesse suggestions for improving their operations by embracing the digital space.
Hoyts pilots smartphone app from MasterCard
In a global first, the QkR by MasterCard in-cinema smart ordering service will be piloted by the Commonwealth Bank at a number of Hoyts cinemas for several weeks from January.
Consumers spending more generously
According to the latest Commonwealth Bank Business Sales Indicator, consumers continued to increase their appetite for spending in November.
On the road to recovery
Retail recovery continues to strengthen indicated by more positive results in October from Commonwealth Bank's Business Sales Indicator.
Speedier same day settlement
Commonwealth Bank has introduced Everyday Settlement to remove the frustration of businesses who are not able to settle accounts on the same day.
Contactless mobile payment with CBA
Commonwealth Bank's new iPhone application called Kaching enables users to make real-time peer-to-peer payments and contactless payments at any PayPass terminal using their phones.
Management changes at CommBank
CEO Ralph Norris and Ian Narven has appointed Grahame Petersen as group executive business and private banking.
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.
Consumer spending strongest in 18 months
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.
Retail trade lifts service index
Four of the nine service sub-sectors reported that activity expanded in February, up from three in January. This included retail trade, which saw a 20 point growth from 40 in January to 60 points.
Uneasy outlook for Christmas
The RBA has decided to raise the cash rate by 0.25 per cent to 4.75 per cent just before the Christmas trading period begins.
Tap, go at Bunnings, Dymocks
The two retailers have signed on to offer customers a faster way to pay using their Commonwealth Bank debit or credit PayPass card when paying for items less than $100 without the need to sign or enter a PIN.
Stronger dollar, cheaper goods
Over the last few weeks the Australian dollar has been steadily increasing following the country's recovery of the global financial crisis.
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.
Slide in retail sales expected
Australian retail sales remained relatively flat over the month of February, according to the latest Commonwealth Bank Business Sales Indicator.
