Where are we spending?

Where are you shopping these days? Given yesterday’s shock result for department stores I thought I would have a look at where we spend our money.

For each of the sectors, what proportion of our shopping dollar do they capture. The results are a little surprising … We are spending more at food outlets and cafes, restaurants and takeaways. We are spending less at department stores and clothing and footwaer outlets.

I suspect the recent decline in household goods reflects lower prices and a higher Australian dollar.

Share

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.