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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.
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.
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.
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 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.
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.
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.
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