 |
|
Home | Spending slides as consumers return to conservative ways, according to the latest Commonwealth Bank Business Sales Indicator (BSI) |
 |
Spending slides as consumers return to conservative ways, according to the latest Commonwealth Bank Business Sales Indicator (BSI)
|
 |
- August 22, 2012
-
In the absence of further stimulus measures, economy-wide spending slumped in July, reversing gains previously witnessed in May and June, 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 fell by 5.4 per cent in seasonally adjusted terms in July,...
- Read more at:http://www.1888pressrelease.com/spending-slides-as-consumers-return-to-conservative-ways-ac-pr-418399.html
|
 |
|
 |
|
 |
