ARC and Roy Morgan research shows fewer Australians plan Halloween celebrations amid…
What happened
Joint research by the Australian Retail Council and Roy Morgan found that 4.4 million Australians plan to celebrate Halloween, down 400,000 from the previous year. While participation fell to 18 per cent, total spending is forecast to reach $510 million, a 2 per cent increase over last year. Average spending among those who participate is projected to climb 13.6 per cent to $117 per person.
From ragtrader.com.au
Why it matters
The research indicates that cost-of-living pressures, including RBA rate rises, are affecting consumer behavior. Although fewer Australians are participating, those who do are spending more on average. This trend is tracked within the Australian economic context where RBA policy influences economic sentiment.
Spending data, conflict escalation, and tech reports are influencing the Reserve Bank of Australia's monetary policy outlook.
From ragtrader.com.au
Who's involved
- ARCConducted joint research on consumer spending patterns
- Roy MorganConducted joint research on consumer spending patterns
- Reserve Bank of AustraliaMonitors consumer spending data and cost-of-living pressures
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- QueenslandSpeculative
Retail revenue in Queensland might be impacted by reduced consumer spending due to RBA rate rises.
- Reserve Bank of AustraliaSpeculative
The Reserve Bank of Australia may monitor reduced participation in consumer events due to cost-of-living pressures.
Keep exploring
The entities involved
-
RBA
Spanish media enterprise
-
ARC
software
-
Roy Morgan
Australian market research company based in Melbourne