CBA Business Sales Indicator 20 Mar 18/ Solid economy-wide spending

The Commonwealth Bank Business Sales Indicator (BSI), a measure of economy-wide spending, rose by 1.0 per cent in trend terms in February, matching the January outcome and the strongest pace of growth in four years.

The annual trend growth in sales lifted from 6.0 per cent to 7.0 per cent – the fastest growth in over two years and above the decade-average pace of 3.2 per cent.

The solid string of employment gains has supported spending. In addition the strength of the job market is positive for job security and, in turn, consumer spending. Business and government spending are being supported by robust infrastructure activity.

 

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