Page 3 - Robert Ewing News Today

Reserve Bank of Australian governor, Michele Bullock, cautions that the country is not yet where it needs to be in bringing down inflation.

Data indicates modest growth amid cost-of-living pressures

Over the past 12 months, household spending has experienced a notable uptick, registering a growth of 3.1%, as disclosed in the latest data from ABS

Australians continued to enter into the home loan market last year, even as interest rates and house prices increased, but household spending may be weaker than what the data suggests.

This driven by spending on essential goods and services

Inflation declined to 4.3% in the year to November 2023, easing from 4.9% in October.

(Bloomberg) -- Australian retail sales jumped by more than economists predicted in November as consumers brought forward their Christmas shopping to take advantage of Black Friday discounts.Most Read from BloombergBoeing Slumps After Panel Blowout Leads to Partial 737 GroundingMusk’s Drug Use Concerns Tesla, SpaceX Leaders, WSJ SaysIPhone Survives 16,000-Foot Fall, Helps Steer Jet-Panel HuntEmirates’ Clark Says Blowout Illustrates Boeing’s Quality LapsesSales climbed 2% from...

Australian November retail sales surged the most in two years as shoppers feasted on Black Friday discounts, though analysts suspect spending was likely brought forward and the gains could reverse in... -January 08, 2024 at 08:14 pm EST - MarketScreener

Australia retail sales rose 2.0% mom to AUD 36.5B in November, above expectation of 1.2% mom. That followed a fell of -0.4% mom in October.

Australian households defy financial woes to splurge on Black Friday sales and discounts.