The November edition of the CommBank Household Spending Intentions index rose by 2.1% in the month to reach 110.3, the strongest level since December 2019 and recouped gains lost during COVID lockdowns. Stephen Halmarick, Chief Economist and Belinda Allen, Senior Economist discuss the results in the latest podcast and break down the major rises and falls. The gains in the index were led by Transport, Travel, Retail and Household services while Home buying spending intentions retreated. A large amount of accumulated household savings will help propel consumer spending as we head into Christmas and 2022.
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