March Household Spending Intentions

The Commonwealth Bank Household Spending Intentions series for March 2021 showed improvement across five of the seven spending categories.  In this podcast Stephen Halmarick, Chief Economist and Belinda Allen discuss how some of the annual percentage changes are now being distorted by the impact on spending from the onset of the Covid-19 restrictions of a year ago. March 2021 saw strong gains in spending intentions for Home Buying, Travel, Entertainment, Education and Motor vehicles.  Health & fitness spending intentions consolidated recent gains, while Retail spending intentions were weak - but this was largely a payback for the spike higher seen in March last year.

 

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