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Westpac Flag Further Slowing In Nominal Spending Gorwth

AUSTRALIA

The Westpac Card Tracker Index “continued to pull back over the over the first two weeks of March, falling 7.4pts from 138.3 to 131.0. Aside from the post-Christmas lull, early March marks the weakest fortnightly average read since mid-October. The latest update continues to suggest there has been a further slowing in nominal spending growth although the extent to which weakness in February is carrying into March is a little less clear.”

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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