Tag: BSI
Aussie consumers are shopping conservatively and dodging debt according to latest growth statistics
The latest data shows that consumer discretionary spending has slowed to near molasses momentum.
The Commonwealth Bank’s latest Business Sales Indicator (BSI) rose by 0.3 per...
Retail takes big fall in April (while most other sectors look promising)
According to the BSI, retail registered the biggest fall of all the industry sectors in April with a loss of 1.4%. The BSI, which tracks spending in the Australian market, indicated that sales fell in April across all sectors by 0.2%. Curiously, if one doesn’t take retail sales account, the BSI found that sales have risen by 0.3%, which is the highest rise since November 2009.
