The Wage Price Index (WPI) rose 1.3 per cent in September quarter 2023, and 4.0 per cent for the year, according to seasonally adjusted data released today by the Australian Bureau of Statistics (ABS). This is the highest quarterly growth in the 26-year history of
Bazaarvoice, Inc., the leading provider of full-funnel authentic user-generated content (UGC) solutions, today released its annual Shopper Experience Index, including interviews with over 1,000 Australian consumers. The results revealed that shoppers are curbing their spending and becoming more cautious with their purchases in the current
Retailers are pushing hard to get a slice of Australia’s burgeoning Facebook Marketplace and Gumtree market as consumers look to secondhand items not just to save money but to also express their individualism. Lyndall Spooner, founder and CEO of Australian strategic research and consulting agency,
Inflation in Australia moderated to 5.4% in the September quarter, down from 6% in the previous quarter. This is good news for small business owners, who have been facing rising costs for inputs and supplies. However, the Treasurer has warned that inflation is likely to
As the cost of living continues to rise, Australians are planning to spend less on Christmas this year, with a new study from PayPal revealing that 75% of Aussies will be cutting back on their spending. Key Finding from PayPal: Majority of Australians (75%) planning
Despite the end of the working year within sight, many Aussies are struggling to make it to the finish line with new research from Tourism NT finding that exactly 3 in 5 (60%) feel like they’re crawling towards the Christmas break and two-thirds of us (67%)
New data from Xero’s Small Business Index (XSBI), which provides a health check into the Australian small business economy, has revealed Australian small businesses continue to show resilience amid the challenging economic environment of high interest rates and persistent inflation. Compared to other XSBI countries (NZ, UK,
Eight of the 13 selected industries reported rises in business turnover in August, according to figures released today by the Australian Bureau of Statistics (ABS). Robert Ewing, ABS head of business statistics, said the Manufacturing industry reported the largest monthly jump in business turnover. “The
The Recruitment Consulting and Staffing Association’s (RCSA) latest Jobs Report revealed the National Jobs Index has dipped for the second time in a row, falling 2.1% over the September Quarter. The data collected from over 6,000 employer, recruiter and niche job boards also showed a dip in
The latest Employment Hero SME Index, which uses an accumulative dataset of over 140,000 small and medium-sized businesses (SMEs) and 1.4 million employees, indicates Australia’s technology sector is correcting itself after a period of unsustainable growth. The average employee growth for the Science, Information and Communication
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