More details are available on how we spent our money in the September quarter. While the increased spending wasn’t close to the predictions of Treasury consumers seem to have had a bit of a splurge on furniture and appliances which helped bring the overall numbers up slightly.
Economists are still predicting sluggish spending in the short to medium term. See my last post on this topic but I’m predicting an increase in consumer activity in the immediate post GST rise period. Swimming against the tide again – will be interesting to see if some confidence really does return.