CBA Business Sales Indicator 20 May 16: Modest spending growth in April

 The CBA Business Sales Indicator rose by 0.2% in April, after gains of 0.1% in the three previous months. Annual growth slowed from 5.2% to 4.6%.

¾ The Commonwealth Bank Business Sales Indicator (BSI) – a measure of economy-wide spending – rose for the 15th straight month in April. The extra trading day in February and early timing of Easter have distorted results in recent months so the results should be interpreted with care.

¾ The Business Sales Indicator rose by 0.2 per cent in April, after gains of 0.1 per cent in the three previous months. Annual growth slowed from 5.2 per cent to 4.6 per cent. The more volatile seasonally adjusted BSI rose by 3.4 per cent in April after rising by 6.2 per cent in March and falling by 9.0 per cent in February.

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