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 […]
Australian Household Spending Decreases for The Third Month in A Row
As a result of ongoing lockdowns in Sydney and Melbourne household spending across Australia has dropped for the first month in a row. Retail sales in Australia dropped 1.7 percent for the month of August when compared to the sales from a month earlier. Sales in New South Wales dropped 3.5 percent which is the […]