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 Spending recovery strengthens, although caution remains- Spending recovery strengthens, although caution remains
- December 24, 2011
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Consumers have continued to increase their appetite for spending, once again opening their wallets in November, 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 0.3 per cent in November, following similar gains in both September and October.
According to Matt Comyn, Executive General Manager, Local Business Banking, Commonwealth Bank, although the overall consumer attitude remained cautious, the uplift in ...
- View more at: http://www.1888pressrelease.com/spending-recovery-strengthens-although-caution-remains-pr-360975.html
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