Australia’s retail sales fell -0.4% mom in March, well below expectation of 0.2% mom. Ben Dorber, ABS head of retail statistics, highlighted the impact of cost of living pressures on consumer behavior. He further noted the stagnation in the sector, stating, “Underlying retail turnover has been flat for the past six months and was up […]
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RBA minutes from May 7 meeting reveal that a rate hike was considered but ultimately, the decision was made to hold cash rate target steady at 4.35%. The board emphasized that recent data indicated that Read more…
Sydney – 6 and 7 May 2024 Members present Michele Bullock (Governor and Chair), Andrew Hauser (Deputy Governor), Ian Harper AO, Carolyn Hewson AO, Steven Kennedy PSM, Iain Ross AO, Elana Rubin AM, Carol Schwartz Read more…
Australia Westpac Consumer Sentiment index fell by -0.3% mom to 82.2 in May. Westpac highlighted that the primary takeaways from the May survey are “no let-up in the weak consumer environment” and the cautious mindset Read more…