While spending remains well down from a year ago, CBA's latest credit and debit card data shows early signs of improvement, especially online.
INFOGRAPHIC
Change on card spend for fortnight ending
The latest CBA credit and debit card spending analysis from
The analysis for the fortnight ending Friday,
Head of Australian Economics
'Our latest data comes before any easing of restrictions, so it may be that households are feeling more confident to spend at businesses that have not had to shut their doors. It also looks like households have been more eager to get online, click the mouse and fill up the virtual shopping basket,'
Although spending is down sharply across most categories, the level of spending growth has improved. Spending is still up strongly on household goods and furniture, up 35 per cent on the fortnight ending
Spending remains down on non-retail goods and services, such as travel, recreation and personal care, however the rate of decline for non-retail goods and services has eased over the past fortnight.
'The spending pulse looks to have picked up in all states and territories over the past fortnight.
'
Notes for Editors:
Source
About our weekly/fortnightly CBA credit and debit card data
Our
Week ending 27 March Week ending 3 April Week ending 10 April Week ending 17 April Fortnight ending 1 May
Overall spending -4% -15% -20% -18% -10%
Food +18% +4% +6% -5% +5%
Food goods (mostly grocery stores and supermarkets) +40% +24% +28% +12% +22%
Food services (includes cafes and restaurants) -28% -38% -38% -40% -29%
Alcohol +34% -10% -13% -24% -12%
Alcohol good (bottle shops) +86% +28% +23% +4% +25%
Alcohol services (pubs, hotels, etc) -49% -71% -72% -73% -71%
Recreation (includes accomodation, air, travel travel services) -26% -33% -37% -37% -29%
Transport (includes public transport) -24% -36% -44% -46% -34%
Household furnishing & equipment +26% +20% +10% +34% +35%
Apparel (clothing & footwear) -44% -60% -58% -58% -50%
Source:
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