Household Spending Intentions – June 2021

The Commonwealth Bank Household Spending Intentions series for June 2021 continued to be significantly affected by base effects when compared to June last year – with declines in spending intentions for Home buying, Retail, Travel, Entertainment and Motor vehicles.  Both Health & fitness and Education spending intentions were higher. In this podcast, Stephen Halmarick, Chief Economist and Belinda Allen, Senior Economist discuss the data, how it compares to both 2020 and 2019 and what the more up to date weekly card spend data is telling us.

 

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