Consumer Confidence Rises After Hitting A 15 Month Low
Consumer confidence across Australia increase by 2.2 percent after previously dropping to its lowest level since October 2020. While respondents’ confidence in ‘current financial conditions’ jumped by 6.3 percent. According to a recently published survey undertaken by ANZ and Roy Morgan, this uptick pushed consumer confidence slightly above neutral at 100.1 for the week of […]
Consumer Confidence in Australia Drops to A Three Decade Low
As the number of covid-19 cases continue to rise across Australia, customers are avoiding spending as much money as possible. This is despite the fact that Australia ended 2021 on an economic high. However, according to research compiled by ANZ and Roy Morgan, Australia’s consumer sentiment dropped this month as concerns about the explosion in […]
Job Vacancies Across Australia Reach a Record High
Data collected in the weeks leading up to the current outbreak of the Omicron variant has highlighted that job vacancies in Australia are at a level that’s higher than ever before. The recently published figures complied by the Australian Bureau of Statistics (ABS), illustrate that the number of vacancies reached fresh highs in November 2021. […]
Tips for Businesses Who Are Wanting To Become More Environmentally Friendly
Over the past decade there has been a huge push from customers in regards to wanting to be more conscious of the environment. Both businesses and customers are becoming more aware of their impact on the world, and are deciding to do more to take action by focusing on reducing emissions and limiting carbon footprints. […]
Some Restaurants Are Losing Over $100,000 A Week During Omicron Outbreak
A few months ago, restaurant owners across the country were getting excited to see the re-commencement of interstate travel across Australia. Hospitality establishments assumed that more freedoms to travel would result in more dollars being spent by customers. Unfortunately, the surge of the Omicron covid-19 variant means that hospitality venues are now struggling even more […]
Omicron Covid-19 Variant Is Making Australia’s Economic Recovery Extremely Difficult
The economic damaged caused by a record number of covid-19 cases being recorded across Australia is negatively impacting workers in pretty much every industry. Australians businesses are struggling to keep up with the number of workers being told to isolate after testing positive to covid-19 or after being listed as a close contact of a […]
Small Businesses Ideas for Australians Who Are Wanting to Work for Themselves
If you are considering the idea of starting a business in 2022, it is important to take the new normal into account. The covid-19 pandemic has changed so much about how people consume products and services. It is important to keep up to date with consumer trends and to create a small business that has […]
Job Adds Across Australia Dropped By 5.5 Percent in December 2021
Businesses across Australia chose to take to the labour market with caution during the month of December as job ads fell as a result of the rising case numbers, and the Omicron-induced economic uncertainty that accompanied them. ANZ published the results of its monthly job ads index on Wednesday, which showed the rate of jobs […]
Rise In Covid-19 Cases Triggers A Decrease In Early Year Spending
ANZ is reporting a huge decrease in early year spending across the country when compared to previous years. The caution in spending is a result of the significant spread of the Omicron variant of covid-19 especially in NSW where spending in the week to 2 January was 25 percent lower year-on-year. However, ANZ Research senior […]
Cryptocurrency in Australia
Despite all the ups and downs and huge swings in value, a recent survey established that three quarters of Australians who have invested in cryptocurrency still managed to make a profit off their investment. In a 12-month period between July 2020 and July 2021, Australians on average made over $10,000 in profit from their cryptocurrency […]