Pace of economic recovery improves
The Westpac-Melbourne Institute Leading Index, which indicates the likely pace of economic activity three to nine months in the future, has been released. The November figure is at 7.6 per cent, well above its long term average of 3.0 per cent.
Fri 29/01/2010 12:00:00 / Read More »Australian economy shows signs of growth
A 6.7 per cent annualised growth rate has been recorded in the latest Westpac-Melbourne Institute Leading Index for October. This is an impressive result seeing as the index was at -5.3 per cent in May.
Thu 17/12/2009 12:00:00 / Read More »Consumer sentiment falls 3.8% in December
The Westpac-Melbourne Institute Index of Consumer sentiment has been rattled after three consecutive rate rises, falling 3.8 per cent in December from 118.3 in November to 113.8.
Thu 10/12/2009 12:00:00 / Read More »Australians go on a $2.6 billion tech products buying spree
Australians shopped their way through the global recession with an unprecedented spender bender on digital lifestyle products in the first six months of 2009, according to the latest market research from Canon and GfK, the Canon CDLI.
Wed 16/09/2009 12:00:00 / Read More »Consumer sentiment rises 34.4% in 4 months
The Westpac-Melbourne Institute Consumer Sentiment Index has just been released and once again it seems consumers are more confident than ever, registering the largest four month increase in the 35 year history of the Index.
Thu 10/09/2009 12:00:00 / Read More »Employers ready to start hiring again
According to a leading quarterly survey, the hiring intentions of Australian employers is improving and is a clear indication that the economy is recovering.
Tue 08/09/2009 12:00:00 / Read More »"This may be one of the shallower recessions Australia has experienced": RBA
In his address to the House of Representatives Standing Committee on Economics, RBA governor, Glenn Stevens, has commented on Australia's position in the economy and how this may well be 'one of the shallower recessions' the country has ever had.
Fri 14/08/2009 12:00:00 / Read More »Two year high for consumer sentiment
The Westpac-Melbourne Institute Consumer Sentiment Index has just been released for August and the news is very good with an increase of 3.7 per cent, its highest level in two years.
Wed 12/08/2009 12:00:00 / Read More »Despite positive news, it's still going to be tough for retailers
A leading provider of industry research, analysis and forecasting services has come out and warned retailers not to get too comfortable with the economy despite positive reports circulating that the worst is over.
Wed 12/08/2009 12:00:00 / Read More »'Consumers are embracing the idea of recovery': Nielsen
According to the latest Nielsen Global Consumer Confidence Survey released earlier in the week, consumer sentiment around the world is on the mend with an increase of 5 points on its Consumer Confidence Index.
Thu 30/07/2009 12:00:00 / Read More »'So far so good, but don't get too comfortable': RBA Governor
The Governor of the Reserve Bank of Australia, Glenn Stevens, has commented that the Australian economy has performed surprisingly well throughout the global economic crisis. But he has warned Australians not to get complacent.
Wed 29/07/2009 12:00:00 / Read More »Margins are under pressure but Harveys is seeing growth
Despite the current economic conditions Harvey Norman has witnessed a very positive sales period for the year ending 30 June 2009, with a 3.8 per cent increase over the period.
Wed 22/07/2009 12:00:00 / Read More »Consumers turn to Quickflix as viewing habits change
Online movie rental business Quickflix has continued to defy the economic downturn and has once again significantly improved its membership base, demonstrating that consumers are definitely changing their viewing habits.
Fri 10/07/2009 12:00:00 / Read More »Blu-ray won't drive growth until 2010
A global media analyst company has outlined that despite a lot of interest in the medium, Blu-ray is not expected to drive sales in the video category until well into 2010.
Tue 16/06/2009 12:00:00 / Read More »Consumers think retail sector is in trouble
According to a recent survey carried out by a global research company, consumers across Australia, USA, UK and Canada are increasingly pessimistic about the economic future of the retail sector.
Mon 15/06/2009 12:00:00 / Read More »Largest consumer sentiment growth in 22 years
Spurred on by the news that Australia has narrowly avoided a recession, consumer confidence in the economy has shown remarkable strength in the latest Westpac-Melbourne Institute Index of Consumer Sentiment, rising a staggering 12.7 per cent in June.
Thu 11/06/2009 12:00:00 / Read More »RBA Governor forecasts recovery for Australian economy
The Reserve Bank Governor, Glenn Stevens, has commented that he believes Australia is well placed to emerge strongly from the current global financial crisis.
Fri 05/06/2009 12:00:00 / Read More »Retail body slams economic commentators
One of Australia's leading retail bodies has publically slammed economic forecasters, who predicted that the economy was in a recession, claiming they are responsible for frightening consumers into financial hibernation.
Fri 05/06/2009 12:00:00 / Read More »Australia narrowly avoids recession
It has been confirmed that Australia has just avoided a recession, with the Australian economy growing 0.4 per cent in the March quarter.
Thu 04/06/2009 12:00:00 / Read More »Wage increases will hurt retailers
The Australian Retailers Association has encouraged the Government to defer introduction of the Modern Retail Awards for at least 12 months, due to fears retailers will not cope with the added pressure.
Fri 01/05/2009 12:00:00 / Read More »LG uses economic crisis as motivation
LG Electronics in attempts to counter the global recession and open up opportunities for the company, has today announced their long-term business plan and strategy.
Tue 10/02/2009 12:00:00 / Read More »Consumer confidence falls once again
It has been revealed that consumer confidence in the economy is at an all time low, dropping once again through January.
Thu 22/01/2009 12:00:00 / Read More »
