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1.Market Observations, 2.Economic forecasts, 8.Was Sticky

18 Sept 2019 (AFR) – Tax cut spending? It won’t happen overnight, but it will happen — Consumers spending tax cuts faster than expected

(18 September 2019, AFR, p3, Matthew Cranston, Economics correspondent)

Household spending intentions across sectors (CBA, AFR)

Household spending intentions across sectors (CBA, AFR)

‘Consumer spending intentions are back in positive territory for the first time since early 2019 and have returned faster than expected because of the Coalition’s tax cuts, the Commonwealth Bank’s latest analysis of 2.5 million households says. CBA’s Household Spending Intentions series, generated from the bank’s customer data, shows a lift in spending intentions in retail, travel, entertainment and home buying.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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