Spending posts first gain in nine months

From

CBA Business Spending index

  • Tentative signs of a recovery in consumer spending. A key gauge of economy-wide spending posted its strongest result in nine months in August. The Commonwealth Bank Business Sales Indicator (BSI) rose by 0.1 per cent in the month, the first positive reading since November last year.
  • The Commonwealth BSI is obtained by tracking the value of credit and debit card transactions processed through Commonwealth Bank merchant facilities.

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