Consumer Confidence Increases and is 4.7 points above the same week a year ago

The ANZ Roy Morgan Consumer confidence index has increased 2.5 pints to 88. 5 points after the Australia Day long weekend with a rebound in buying intentions driving the increase. Consumer confidence is now 4.7 points above the same week a year ago.

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Kicking off 2025 with Rising Consumer Confidence

This ANZ chart shows rising consumer confidence at the start of January 2025. This is expected to continue as tax cuts and rising real wages eventually support household disposable incomes.

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Beauty & Personal Care – Australia

In Australia, the revenue generated in the Beauty & Personal Care market is expected to reach US$7.42bn in 2024.  It is projected that the market will grow annually by 2.24% (CAGR 2024-2029). Read more in this Statista report.

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Warm August weather drives early spring shopping surge

The warm August weather brought consumer spending back to life according to data from the Australian Bureau of Statistics (ABS) revealed. This commentary looks at the highlights.

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Spending the inheritance: Boomers splurge on Dining, Travel

This story from the end of May 24 draws on CommBank data and demonstrates what we are all seeing in the market – older Australians are the new target market for a whole range of products and services. Retirees have actually increased spending on everything from Insurance to Travel.  This story draws on research commissioned by CommBank iQ’s head of innovation and analytics, Wade Tubman.

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Coles Sales are Up

The first quarter of 23/24 have been good for Coles. Group sales rose 3.6 per cent year over year to $10.25 billion, attributed to growth in both the supermarket and liquor segments. This attributed to more customers preferring to eat and have entertainment at home.

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57% of Retailers anticipating Growth over Christmas 22 for Christmas 23

Christmas bargains will drive spending in 2023.  Last year Christmas expenditure was up 7.5 per cent on 2021, with Aussies spending a combined total of $34.5 billion at the shops last December. While it is unlikely we will get big growth, growth is still expected in 23.

To read more: https://www.news.com.au/finance/business/retail/good-news-for-aussies-with-discounts-in-the-christmas-forecast/news-story/0b799648a81397b88c2b6479e059063b 

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Revenue Growth in the Beauty & Personal Care Industry

This Statista Report shows how our $USD$7.22Bn industry is expected to grow 2.48% in the years ahead of us (CAGR 2023-2028). In relation to total population figures, per person revenues of US$273.10 are generated in 2023.  In the Beauty & Personal Care market, 23.2% of total revenue will be generated through online sales by 2023.

https://www.statista.com/outlook/cmo/beauty-personal-care/australia

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Health & Wellness Spas In Australia Industry Profile

Did you know that health and wellness spas in Australia were $510M last year, and increased 5.8% compared to a running average of 2.2%. This industry profile from IBIS Worldwide shows how the industry is positioned.

https://www.ibisworld.com/au/market-size/health-wellness-spas/

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Australian Retail sales increase 6.3% in January 2023 Compared to Same time Last Year says Mastercard

According to Mastercard’s SpendingPulse which measures both store and online retail sales, most retail categories had good momentum after a record holiday spend. High categories – Lodging up 15.9% compared to 12 months ago, followed by Apparel up 14.4%, then restaurants up 8.8%, jewellery up 8.4%, and grocery up 6.3%. Home furnishings, which boomed in the pandemic, grew 0.9%.

To read more: https://www.mastercardservices.com/en/solutions/data-networks/spendingpulse

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