Markets

Australian shoppers spent $20 billion online last year

Australian online retail sales surged by 10.8% in the year to April, leaving the total value of online purchases standing at a whopping $19.6 billion. According to the National Australia Bank’s (NAB) latest online retail index, the pace of sales was close to three times faster than the growth recorded […]
Australian shoppers spent $20 billion online last year
Markets

Australian online spending accelerated sharply last month

Australian online retail sales rose strongly in February, suggesting that sales and traditional brick-and-morter retailers may have also accelerated after two months of underwhelming growth. The NAB’s online retail sales index grew by 0.8% in seasonally adjusted terms, leaving annual growth in online spending at 10.4%. From a dollar perspective, […]
Australian online spending accelerated sharply last month
Markets

Australian online retail sales fell last month

Australian online retail sales fell modestly in January, suggesting there may be downside risks before the release of the ABS’ official retail sales report tomorrow. According to the NAB’s online retail sales index, sales fell by 0.2% in January after seasonal adjustments, partially reversing the strong 1.9% bounce recorded previously […]
Australian online retail sales fell last month
Markets

Australian online spending jumped in September

Led by domestic sites, Australians stepped up their online purchases in September with the latest online retail sales index from the NAB jumping 1.1%. The NAB reported that sales at domestic online retailers accelerated by 1.8%, mitigating a 1.1% decline in sales at international retailers. In year-on-year terms, domestic online […]
Australian online spending jumped in September