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Via Shano today:
CBA household credit & debit card spend suggests the gentle upswing in spending has paused and is now tracking broadly sideways when we smooth out the week to week volatility. Total spend is up 4.5% for the week ending 26 June compared to a year earlier. #ausbiz #ausecon #commsec pic.twitter.com/VNVv9aomGB
— CommSec (@CommSec) June 29, 2020
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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.