October Household Spending Intentions report

In our latest podcast Stephen Halmarick, Chief Economist and Belinda Allen, Senior Economist discuss the latest Household Spending Intentions report. The data shows mixed results across the main spending categories – as the effects of the Victorian shutdown lingered. Home buying, Retail and Travel spending intentions tracked sideways in October, while Entertainment spending intentions improved.  Health & fitness, Education and Motor vehicle spending intentions softened in October. As Stephen points out though there are reasons to be optimistic with fiscal and monetary easing expanded and as CBA credit & debit card spend data for November also showing a lift as restrictions are eased in Victoria.  

 

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