The strong ABS print in February exceeded our expectations and indeed those of the market. It’s fair to say that we are sceptical whether such strong growth will continue.

Just what did Australia think of the Federal Budget? From industry bodies to media, we count down 10 of the most interesting reactions.

It appears that broader weakness in retail is flowing through to online.

We forecast that ABS retail trade for February will grow for a second consecutive month, following a weak Christmas period and a subdued January ABS print.

Australia’s GDP numbers yesterday surprised many.

The NAB Online Retail Sales Index recorded -0.5% month-on-month contraction in January, following on from a -1.9% contraction in December.

We forecast that ABS retail trade will return to growth – albeit modestly – in January 2019.

Low wage growth, high personal debt levels and a weakening housing market – particularly in Sydney and Melbourne – have made consumers reluctant to spend on non-essentials.

This month we continue our podcast series to accompany the NAB Cashless Retail Sales Index. It’s a short, 10 minute podcast, designed to give you a quick summary of the major drivers of the index this month. To listen, just click the link below.

Online sales growth faster over the month, slower for the year.

The NAB Cashless Retail Sales Index rose 0.6% in November on a month-on-month basis, repeating its 0.6% (revised) increase in October.

Total NAB customer spending grew 7.0% y/y in Q3 2018 – up from 5.6% in the previous quarter and 3.0% in the same quarter a year ago.

With the busy festive shopping period approaching and a shiny new $50 note in circulation, it’s important for business operators to be aware of the security features on Australian banknotes.

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