Credit card recovery falls off Victorian cliff

Tuesday, 14 July 2020

Via CBA:

CBA household card spending eased over the week to be 7.2% higher than a year ago.

The reimposition of restrictions in some parts of Victoria is impacting on many categories of
spending in this state.

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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.