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 Recovery consolidates as business sales continue to rise- Recovery consolidates as business sales continue to rise
- April 21, 2012
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The recovery in economy-wide spending appears to have consolidated with business sales rounding out the first quarter of 2012 in positive territory, according to the latest Commonwealth Bank Business Sales Indicator (BSI).
The BSI* is a key measure of economy-wide spending, tracking the value of credit and debit card transactions processed through Commonwealth Bank point-of-sale terminals, a sample of approximately 30 per cent of the Australian market. The BSI rose by 0.8 per cent in trend terms in March, following a 0.9 per cent gain in February and 1.0 per cent increases in sales in both January and December.
According to Matt Comyn, Executive General Manager, Local Business Banking, Commonwealth Bank, the co...
- View more at: http://www.1888pressrelease.com/recovery-consolidates-as-business-sales-continue-to-rise-pr-391420.html
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