Free Trial

ANZ: June Spending Comes Home Strong

AUSTRALIA

ANZ note that their observed spending data was “solid in June. Average daily spending (excluding petrol) in June rose by 1.9% m/m, based on data until 28 June. Consumers flocked to the shops for end-of-financial-year sales, with shopping spending rising 7.7% on the final weekend of June compared to the weekend prior. Department store, furniture and electronics spending were particularly strong. This helped bump up June spending numbers, after a sluggish start to the month.”

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.