Consumer confidence down again in August

Consumer confidence down again in August

The Westpac-Melbourne Institute Index of Consumer Sentiment fell 3% from the prior month, and was 22% down YOY in August. It was the ninth consecutive monthly decline in the index amis surging prices and the prospect of further tightening from the RBA. The index now...
Consumer confidence down again in August

Australian industry on FMD alert

Following on from the Australian Federal Government’s funding package to combat the spread of foot and mouth disease, the Victorian state government is establishing an Emergency Animal Disease (EAD) task force to prepare for the incursion of foot and mouth disease...
Consumer confidence down again in August

A2 Milk in trading halt

The a2 Milk company asked that its shares be placed in a trading halt until Thursday after The Financial Review reported its long-awaited application was under “active review”, pending an update this week. The ASX and NZX issued please explains to the company which...
Consumer confidence down again in August

Private label milk prices lifted

Coles has pushed a large price rise onto consumers for its private label milk products, the largest lift since the inception of its $1-litre pricing in 2011. Coles own-branded 1-litre fresh milk has jumped 25 cents from $1.35 to $1.60 a litre while the 2-litre bottles...
Consumer confidence down again in August

Fonterra Australia chief: All bets off

Fonterra Australia CEO Rene Dedoncker said the cooperative has put its plans for an IPO or outright sale of Fonterra’s Australian business on hold. Speaking at a breakfast briefing, the Dedoncker said volatile economic conditions and the recent downturn in the local...
Consumer confidence down again in August

Energy crisis could hit food production

Industry bodies are warning rising energy prices could slow food and fibre production, exacerbating the impact of fertiliser shortages and increase input costs. Gas and electricity prices are being pushed up across Australia due to a combination of increased...