Consumer confidence has climbed sharply,thanks partly to the Albanese government’s revamped tax cuts. But new figures show businesses are starting to struggle.
Consumers will be happy to see the back of 2023 as we roll into a not-so-merry Christmas.
Why do providers of customer service,supposed experts in their field,provide their customers with information they know is nonsense?
While economists increasingly believe that Australia will avoid a recession,actual consumers are being buffeted by pressure on their own household budgets.
Treasurer Daniel Mookhey will soon deliver his government’s first budget but renewed fears about sections of the NSW economy faltering have taken the shine off.
Buying coffee and lipstick give us a hormone hit that ensures we won’t slash our spending on them when times are tight.
As evidence mounts that consumers are shutting their wallets,a key measure of confidence actually fell despite interest rates remaining steady.
How Beijing manages the efforts to revive the faltering economy matters for commodity producers like Australia.
If the RBA’s objective was to scare the community away from the shops,it looks to have hit its mark.
With rate hikes seemingly failing to quell retail spending the Reserve Bank may need to deliver a stronger dose of economic medicine.
Weakening consumer and business confidence are signs that recent official interest-rate rises are working,as the Reserve Bank applies the brakes to an economy it thinks is at risk of overheating.