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Westpac’s credit card tracker is powering.
The Westpac–DataX Card Tracker Index* has edged down slightly since late September, slipping 0.9pts to 160.6 in the week ended October 17.
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Despite this, growth in activity continues to track a robust pace with quarterly momentum running at close to 2%qtr and annual growth at 6%yr.
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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.
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