The CommBank Household Spending Intentions index rose by 2.5% rise in December to 115.0. This was the highest level since July 2017. Kim Mundy, Senior International Economist talks to Belinda Allen, Senior Economist who details the main drivers of the lift in spending in December. A seasonal upswing in Retail spend as well as continued lift in Travel and Transport spend post the extended Delta lockdowns led to the strong gain.
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