Tag Archives: bunnings

Retail rebound in Australia – latest video

My latest video is about the retail rebound revealed by the May Retail Trade data published by the ABS yesterday (Retail turnover rises 16.9 per cent in May). You may also be interested in the Queensland Treasury Retail Trade brief … Continue reading

Posted in Macroeconomy, Retail trade | Tagged , , , , , , , , , , , , , | Leave a comment

RBA will almost certainly cut cash rate, but economy may be stronger than it thinks

Peter Martin, arguably the top economics journalist in Australia, appears to have been briefed by an RBA insider that the Bank will cut the cash rate next week to 2 per cent, a record low, and I’ve little doubt this … Continue reading

Posted in Macroeconomy, Retail trade | Tagged , , , , , , , , , , | 6 Comments

Retail sector adapting to new frugality – big box shopping & affordable luxuries

Australia’s retail sector has had to adapt to the new frugality as a result of the financial crisis, and it appears that, among bricks-and-mortar retailers, only big box stores such as Bunnings have thrived. Yesterday saw the site launch of the … Continue reading

Posted in Macroeconomy, Retail trade | Tagged , , , , , , , , | Leave a comment

Bunnings & Masters doing well, but clothing retailers struggling

Yesterday’s retail turnover data from the ABS were unimpressive and have added to the case for a rate cut by the RBA Board today, which is almost a certainty. Our sluggish retail turnover reflects both Australia’s high savings rate in … Continue reading

Posted in Macroeconomy, Retail trade | Tagged , , , , , , , , | 2 Comments