Money Australian businesses have never had it better

09:01  14 november  2017
09:01  14 november  2017 Source:   businessinsider.com.au

Marketplace mania is taking hold in Australia: Will shoppers see Amazon clones everywhere?

  Marketplace mania is taking hold in Australia: Will shoppers see Amazon clones everywhere? Christmas shopping is heating up and as global retail giants start setting up their Australian operations, local online retail platforms are determined to become one-stop shops catering to every customer desire. Earlier this week troubled department store Myer said it would try teaming up with other “retail partners” to sell lifestyle goods through the ‘Myer Market’ platform, creating a separate online retail portal to the store’s main site.

Gains in October were driven by a sharp rise in trading and profitability, suggesting that Australian businesses successfully achieved improved margins in October “This is an extremely strong result and of itself would suggest a better than expected performance for the economy,” Oster said.

Gains in October were driven by a sharp rise in trading and profitability, suggesting that Australian businesses successfully achieved improved margins in October: NAB chief economist (full story).

a view of a mountain© Provided by Business Insider Inc

The October reading for NAB's monthly business survey has the business conditions index rising to an all-time high of +21.

That's a jump of 7 points from September, and marks the highest ever reading since the monthly series began in 1997.

The increase is particularly impressive given that business conditions were already trending strongly, with readings in recent months consistently around three times higher than the long-term average.

Gains in October were driven by a sharp rise in trading and profitability, suggesting that Australian businesses successfully achieved improved margins in October:

Marketplace mania is taking hold in Australia: Will shoppers see Amazon clones everywhere?

  Marketplace mania is taking hold in Australia: Will shoppers see Amazon clones everywhere? Christmas shopping is heating up and as global retail giants start setting up their Australian operations, local online retail platforms are determined to become one-stop shops catering to every customer desire. Earlier this week troubled department store Myer said it would try teaming up with other “retail partners” to sell lifestyle goods through the ‘Myer Market’ platform, creating a separate online retail portal to the store’s main site.

Australian businesses have never had it better , according to the latest National Australia Business (NAB) survey released today.

Australia has a dynamic, diverse business community and despite the country's reputation for Never both. 27. Gossip is like exactly like Facebook. It 's excellent, and best used judiciously and kick off a major project between Christmas and Australia Day, Not only is it un- Australian , but it will fail.

a close up of text on a white background© Provided by Business Insider Inc

NAB chief economist Alan Oster acknowledged the strong result, but adopted a more cautious tone toward the outlook, noting the fall in forward orders in October -- seen as a key leading indicator for business sentiment.

"This is an extremely strong result and of itself would suggest a better than expected performance for the economy," Oster said.

Facebook Messenger plugin enables cross-platform customer service

  Facebook Messenger plugin enables cross-platform customer service While most of the billion-plus users on Facebook Messenger are individuals, the company has refined its messaging platform to be more business-friendly. Back in April, it introduced a Discover tab to better connect individuals with companies they'd enjoy, as well as improved chatbot functionality. All of these have focused on improving the business-customer relationship, and the newest addition is no exception. Today's update adds Customer Chat, a plugin that lets businesses carry on Facebook Messenger conversations right on their own website.

The future for Australian start-ups has never looked brighter, with Prime Minister Malcolm Turnbull last month announcing a .1 billion innovation package, including tax breaks for start-up investors, changes to crowdfunding legislation and initiatives to turn Australia into an innovation powerhouse.

Technology isn't big on the Australian sharemarket, but it has provided investors with a stock that has soared 1,226 per cent this year. Big Un, which uses its software to make promotional videos for restaurants, salons and other small businesses at lower costs

"However, it is unclear just how long conditions can remain at these record levels given that the result was driven by a surprise jump in manufacturing, while some of the leading indicators such as forward orders – which have been giving a more accurate read on the strength of the economy – have actually softened a little in recent months."

While business confidence held steady in October at +8, it hasn't matched the consistent gains the reading for business conditions has achieved in recent months.

"Less upbeat readings on business confidence may also be telling, with firms previously indicating that uncertainty around the outlook for their business is holding confidence back," Oster said.

The reading for employment held steady at +7 in October, which Oster said is representative of the strong conditions in Australia's labour market.

"NAB’s employment index is also running at a level which suggests further job gains and lower employment, which in turn may help to favourably close the prolonged disconnect between the upbeat business sector, and more cautious household sector," he said.

Amazon is ready for Australia

  Amazon is ready for Australia Amazon is ready for Australia. On Monday, 500 merchants will gather in Sydney to hear from the company's Australia manager, Rocco Braeuniger, and head of seller services for Australia, Fabio Bertola, on how the whole platform will work. Separately, Business Insider understands from a reliable source that the Amazon Australia platform is ready to deploy.The timing of the merchant event and the news that the Amazon system is ready in Australia all points to what has been widely expected: that the retail giant will be operational in Australia in time for Christmas. While Amazon.com.

Two years ago, hardly anyone in Australia 's business community had even heard of Dave Greiner and Ben Richardson. The company counts some of the world's biggest and best -known consumer brands such as Apple, Facebook and Coca-Cola as customers.

It 's not hard to see how large Australian businesses remain delusional about online sales: most people But it never once embraces the obvious truth of this space: that for a huge proportion of physical goods This is a very good point, BBC has been doing exactly this with its iPlayer and such.

However, Oster noted that labour costs in the October data remain subdued, falling to 0.7 from 1.0 in September.

And the falls in labour costs were demonstrated most sharply in the mining sector. This table summarises the percentage change in input costs by industry:

a close up of text on a white background© Provided by Business Insider Inc

In fact, data for October revealed softer conditions across the mining sector in general, with forward orders for mining also dipping sharply (down 29, offsetting a strong increase in the prior month). The index for mining sector employment also dipped by 29 basis points.

And the figures revealed a small glimmer of hope for the retail sector, as prices stayed in positive territory for the second straight month. There was also a small pickup in retail labour costs, which rose by 0.3% in October.

"The subdued conditions in retail have been a major concern for some time now, but are not overly surprising given some of the headwinds that are facing the industry. However, retail conditions did improve a little this month, which was enough to arrest the downward trend we have been seeing since mid-year," Oster said.

Amazon's Australian Launch: New Details Revealed!

  Amazon's Australian Launch: New Details Revealed! Amazon Australia has laid out its plans during a marketplace summit in Sydney. We finally have some firm details about the launch, including a delivery time promise. Here's what you need to know!Amazon Australia has laid out its plans during a marketplace summit in Sydney. We finally have some firm details about the launch, including a delivery time promise.

Kelvin Deer, director of PT Partners Accountants and Business Advisors and the Australian Bookkeepers Network, notes that “some businesses simply don't want additional reports. But if done well , it means you may never have to record a phone bill or rent payment again, and customer

Do you want to start a business in Australia with small capital If YES, here are 50 best most profitable small business ideas Despite the recent decline of the mining boom in the country, the Australian economy has remained resilient and stable. We promise never to share your email with anyone.

By state, NSW returned to the top position for business conditions, with a 14 point rise leaving the index at +21 points.

South Australia was the only state to report a fall in October, but remains second behind NSW in trend terms with an index reading of +20 points, ahead of Victoria (+19) and Queensland (+21).

Most states are still reporting relatively strong levels of business confidence, although only SA and NSW saw an improvement in October while Queensland maintains the highest reading (+11) in trend terms.

"Overall, the results from the Survey affirm our cautiously optimistic view that Australia may temporarily see above trend rates of economic growth over the coming quarters," Oster said.

"However, there are still significant challenges to the outlook, especially as the economy starts to see less support coming from housing construction and LNG exports.

"Fortunately, we expect to see offsets from business investment and infrastructure construction, which should be enough for the RBA to slowly remove some of its emergency policy stimulus, albeit not until the second half of next year, and only if the labour market and wages improve further."

'Details can often get you' says Naomi Simson as Red Balloon cops ACCC fine .
The Shark Tank judge's business has been fined $43,200 by the competition watchdog.Naomi Simson describes herself as a role model for small business, but the Shark Tank judge has been left red-faced after the competition watchdog fined her business for excessive payment surcharges.

—   Share news in the SOC. Networks

Topical videos:

This is interesting!