Consumer confidence drops to recessionary levels

Consumer confidence drops to recessionary levels

The confidence index dropped to 7.6 per cent last week following the decision by the Reserve Bank of Australia to raise the cash rate by 50 bps. The ANZ Consumer Confidence Index is now at its lowest point since early April 2020 and has not been this low since January...
Household spending continued to rise in April

Household spending continued to rise in April

And it seems people are spending up on home improvements with the largest increases in spending on furniture and household equipment (14.9 per cent). They were also going out more with hotels, cafes and restaurants showing a 14.3 per cent increase and transport a 12.4...