Surprising trends in consumer spending

New COSBOA-Square data report reveals surprising trends in consumer spending

Author

Maziar Foroudian
January 16, 2024

Latest Stories

Delve into the volatile landscape of Australia’s small business sector with COSBOA’s 2023 report, examining dynamic market entries, financial hurdles, and a snapshot of consumer sentiment. The aftermath of a post-COVID world and predictions for the future unfurl.

Explore the future of business in 2024 in this compelling article! Gain insights into tech trends, economic uncertainties, and strategic efficiencies from leading minds at Optimizely. Discover how to thrive in the constantly evolving business landscape.

Boost in household spending, drastic upticks in health and transport costs, and a robust housing market - delve into the latest data from the Australian Bureau of Statistics and its impact on Australia's economy.

Explore the key shifts in the tech sector in 2024 with a deep dive into tech investment trends, M&A activities, regional focuses, and the potential of Generative AI. Discover strategic insights to navigate this dynamic landscape.

Top stories

Despite challenges faced by late-stage start-ups in the venture capital industry, Australian company Employment Hero has shown impressive growth with increased revenue and subscriber growth.

Small businesses in Australia are facing a tough 2024 as consumer spending slows and costs of doing business mount, pushing many to the brink. The future looks challenging for entrepreneurs.

Innovation is vital in today's competitive market, but many companies struggle to find success. This article explores three common pitfalls and offers advice on how to overcome them for long-term success.

As global prices come down, inflationary pressures are easing. However, chief economists predict a weakening global economy in 2024 due to geopolitical rifts and the rapid development of artificial intelligence.

Australia

Discover why the concept of Maximum Retail Price (MRP) is gaining attention in Australia, and how it could bring transparency and fairness to the country's supermarket industry.

Changes to visa requirements for backpackers in Australia could lead to staffing shortages in remote areas during peak tourist season, causing concern among business operators. Previously, backpackers had to complete 88 days of regional work to be eligible for a second-year visa, but this requirement will no longer apply to British travelers.

Australian Economy

The world's five wealthiest men have doubled their fortune since 2020, with a combined wealth of $1.2 trillion. Oxfam urges nations to resist their influence over tax policy to tackle growing global inequality.

Employees fighting for unpaid superannuation have new hope with a change to the National Employment Standards. They can now take direct legal action to recover their money.

India

India emerged as one of the top recipients of global liquidity in 2023, with $15 billion flowing into Indian equities. This trend continued into January 2024, signaling a promising start for the country's market.

The government-appointed panel tasked with preparing a report on digital competition law has failed to finalize it, facing multiple extensions and delays in reaching a consensus on regulations for big tech.

World

China's growing excess capacity poses a challenge to the rest of the world. If China continues its hyper-investment model, it will further eat into Europe, America, and India's industrial core. This article discusses the implications and risks of China's current economic strategy.

Markets and economists are eagerly awaiting Federal Reserve officials' last speeches before a media blackout period. The focus is on a possible rate cut in March, as well as the latest reading on consumer spending. The data will shed light on the recent holiday season and provide insights into the economy's momentum.

The Securities and Exchange Commission (SEC) faced a major cybersecurity breach as a false social media post on X claimed it approved spot bitcoin exchange-traded funds. The agency is working with law enforcement to address the situation and assess the impact on investors and the marketplace.

As the big banks report their fourth-quarter results, investors wait to see if their cautious optimism about consumers, markets, and businesses will extend to the rest of the financial industry.

Tech

Dell's upcoming UltraSharp U4025QW monitor is set to captivate tech enthusiasts with its 120 Hz refresh rate, extensive certification, and improved video resolution, blurring the line between work and play. Get ready for a revolution in monitor technology.

Artifact, an AI-curated news app created by Instagram's former founders, is shutting down after just one year, citing a lack of market opportunity. Despite early appreciation, it couldn't compete with popular social media sites.

Curated for you

Find out why repeat customers are crucial for the long-term success of e-commerce shops. From increased revenue to better advertising returns, retaining customers has its benefits.

Communication is vital for the success of any organization. Our comprehensive guide offers 25 actionable strategies to improve workplace communication and elevate your organization to new heights.

Opening a restaurant may seem like a fun adventure, but it's not for the faint of heart. This guide walks you through the crucial steps to turn your restaurant dreams into a successful reality.

Contribute to Dynamic Business

Join our network of contributors and get your voice heard. We will send you weekly call outs asking for commentary, quotes and articles for our “Let’s Talk”, “Tech Tuesday”, and “Founder Friday” features as well as interview opportunities and general inquiries. You are welcome to subscribe to the list and start contributing to Dynamic Business.