CBA Card Spend – week ending 20 March 2020
— CBA card spend indicates a surge in spending on food, alcohol and health over the past week.
— Spending has retreated sharply on clothing & footwear, recreation, transport and education.
— Expenditure on goods has lifted materially, whilst services spend has contracted.
— The overall level of expenditure has risen primarily because of the spike in sales at food retailers.
Insights on spending from CBA card data:
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