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Westpac Suggest Card Data Points To Stalling Consumer Spending

AUSTRALIA

Latest on Friday Westpac noted that “the Westpac Card Tracker Index averaged 132.9 over the two weeks to Oct 29, down 3.2pts from the 136.1 average over two weeks to Oct 8. While the index remains at a high level, implying consumer-related card activity is nearly a third above the levels seen in 2019, the flattening profile and strong lift in prices suggests growth in real consumer spending is starting to stall.”

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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