Increased discretionary spending in the entertainment, retail, travel and education sectors also contributed to the CommBank HSI Index rising 8 per cent, after declines in both January and February. However the index’s annual rate of growth continues to moderate, falling to 3.8 per cent in March and well below the peak of 15.2 per cent in August 2022.
Commonwealth Bank of Australia Chief Economist Stephen Halmarick said: “Spending on transport has almost returned to…
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