Australian consumers continue to think twice when they open their wallets, according to the latest Commonwealth Bank Business Sales Indicator.
Economy-wide spending eased during October by 1.2 per cent in seasonally adjusted terms, according to the Commonwealth Bank Business Sales Indicator.
Further evidence indicating a promising Christmas has been provided by Nielsen.
While many reports claim the retail sector is in a world of pain, IBISWorld said the retail climate has in fact been reasonably positive leading up to 2012-13.
One of the key factors that are driving Australian consumers to shop online is that it saves them money, a study from The Australia Institute reveals.
More evidence has been released by the ARA showing it will be another tough year of retail trading with over 50 per cent of Australians planning to spend less.