Household Spending Intentions March 2022

The Household Spending Intentions Index rose by 9.2%/mth in March to a record high level of 117.1. This reading eclipsed the previous high from December 2021, showing that strong momentum in the Australian economy resumed after Omicron and seasonal factors impacted results in January and February. In this podcast Stephen Halmarick, Chief Economist and Belinda Allen, Senior Economist dive into the strong Transport, Travel and Retail readings and how the latest reading reinforces the view that official interest rates will begin to rise in June this year.

 

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