SME sentiment remains weak

SME sentiment remains weak

The research indicated that 22 per cent of SMEs are reducing spend on capital equipment and marketing over the next three months. The latest wave of the SME Sentiment Tracker showed a decline in all financial indicators, with confidence regarding economic conditions...
Rate rise will likely dampen consumer confidence

Rate rise will likely dampen consumer confidence

RBA chief Philip Lowe said global factors explain much of the high inflation, but strong domestic demand relative to the ability of the economy to meet that demand is also playing a role in the bank’s decision to raise interest rates to 3.1 per cent. “Returning...
Rise in household spending continues

Rise in household spending continues

Jacqui Vitas, ABS head of macro-economic statistics, said October 2022 saw the 20th consecutive month of increased through-the-year total household spending, with increases seen in all spending categories.  “The through-the-year rise was more moderated than previous...