CommBank Global Economic & Markets Update podcast

Household Spending Intentions – June 2021

July 20, 2021

The Commonwealth Bank Household Spending Intentions series for June 2021 continued to be significantly affected by base effects when compared to June last year – with declines in spending intentions for Home buying, Retail, Travel, Entertainment and Motor vehicles.  Both Health & fitness and Education spending intentions were higher. In this podcast, Stephen Halmarick, Chief Economist and Belinda Allen, Senior Economist discuss the data, how it compares to both 2020 and 2019 and what the more up to date weekly card spend data is telling us.

 

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Before listening to this report, you are advised to read the full Global Economic & Markets Research disclaimers, which can be found at www.commbankresearch.com.au. Information in this podcast is of a general nature only. It does not take into account your objectives, financial situation or needs and does not constitute personal financial advice. This report provides general market-related information, and is not investment research and nor does it purport to make any recommendations. The information contained in this report is approved and distributed by Global Economic & Markets Research, a business division of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (“the Bank”). The information is solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or other financial instruments. It does not constitute a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual clients. The data used in the ‘Commonwealth Bank Household Spending Intentions’ series is a combination of the CBA Data and publically available Google Trends™ data. Any reference to the term ‘CBA data’ means the proprietary data of the Bank. As the statistics take into account only the Bank’s data, it may not reflect all trends in the market. All customer data used or represented is anonymised and aggregated before analysis and is used, and disclosed, in accordance with the Bank’s Privacy Policy. The Bank believes that the information in this presentation is correct and any opinions, conclusions or recommendations made are reasonably held and are based on the information available at the time of its compilation. The Bank makes no representation or warranty, either expressed or implied, as to the accuracy, reliability or completeness of any statement made.

 

 

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