| Home | July 2012News | Spending up 10 per cent on a year ago, marking the biggest annual gain in over four years |
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 Spending up 10 per cent on a year ago, marking the biggest annual gain in over four years- Spending up 10 per cent on a year ago, marking the biggest annual gain in over four years
- July 20, 2012
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Economy-wide spending posted solid growth in June, lifting by 2.5 per cent in seasonally adjusted terms, according to the latest Commonwealth Bank Business Sales Indicator (BSI). In seasonally adjusted terms spending is now also up 10.1 per cent on a year ago – the biggest annual gain in over four years.
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 June BSI recorded the sixth increase in sales in the past eight months, and follows on from a 2.1 per cent increase in seasonally adjusted terms in May. The sharp lift in seasonally adjusted estimates is also beginning to filter through to trend estimates, wi...
- View more at: http://www.1888pressrelease.com/spending-up-10-per-cent-on-a-year-ago-marking-the-biggest-a-pr-411457.html
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