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The latest CBA card spending data.........>

AUSTRALIA
AUSTRALIA: The latest CBA card spending data reveals that "spending on goods has
consolidated at an elevated level, while spending on services has picked up,
albeit from very low levels. Growth in on-line spend looks to have peaked,while
the easing in restrictions has seen in-store card spend lift. Growth in CBA
in-store household card spend continues to track higher than in-store merchant
spend, reflecting the impact that a lack of foreign tourists is having on
overall expenditure. Total retail expenditure is strong primarily because of
food retailing. Non-retail spend has improved, but sits well down on year ago
levels."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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