Retail spending unexpectedly rises in February

Retail sales growth smashed expectations in February, rising 0.8% in seasonally adjusted figures, according to data from the Australian Bureau of Statistics (ABS).

Rising income tax strangles household spending

Households are slashing their spending as rising income tax puts a stranglehold on disposable income growth, according to Australia’s central bank.

Apple to release its own credit card

Tech giant Apple has staked its claim to a share of the credit card market, unveiling its new credit card product at an event California, called ‘Apple Card’.

Price-rise expectations hit two year low

Aussies expect prices to rise by only 4% per annum over the next two years – the lowest this expectation has been since November 2016.

Retail spending barely lifts in January

Australian retail turnover rose by just 0.1% in January 2019, according to seasonally adjusted figures from the Australian Bureau of Statistics.

Credit card fraud rose significantly in 2018

The latest figures from the Australian Payments Network show credit card fraud rose 5% from June 2017 to June 2018, totaling $565 million worth of scams that financial year.