Australians’ spending softened in March after Taylor Swift concert splurge
The economy is limping into 2024 after per capita activity shrank for the final three-quarters of last yearFollow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastAustralians had another “soft” spending month in March with event outlays almost halving from February when numbers were buoyed up by the Taylor Swift concert splurge, CBA’s monthly survey of its 7 million retail customers shows.The overall CommBank household spending index was up 0.2% in March from the previous month, to 141.8 points. It remained below November’s level, when the Reserve Bank last raised its key interest rate.Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading...
The economy is limping into 2024 after per capita activity shrank for the final three-quarters of last year
- Follow our Australia news live blog for latest updates
- Get our morning and afternoon news emails, free app or daily news podcast
Australians had another “soft” spending month in March with event outlays almost halving from February when numbers were buoyed up by the Taylor Swift concert splurge, CBA’s monthly survey of its 7 million retail customers shows.
The overall CommBank household spending index was up 0.2% in March from the previous month, to 141.8 points. It remained below November’s level, when the Reserve Bank last raised its key interest rate.
Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading...
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