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 […]

Australian Consumers Lose Confidence As Retail Sales Drop During Recent Lockdowns

Many Australian businesses are afraid that new lockdowns will give them no choice but to close their doors permanently as online shopping remains the only way they retail stores can continue to generate revenue during the new lockdowns in Sydney and Melbourne.    With over half the Australian population in lockdown to prevent the spread of […]

Business Confidence in Australia Reaches 7 Year High

In April 2021, business confidence surged to a seven-year high, increasing from 62.9 to 125.3 thus rising by 48.4 points from levels recorded 12 months ago.  Just over one year ago, business confidence hit a covid-19 pandemic record low of only 76.9 during the month of April 2020.  Business confidence is 11.6 points above the long-term […]