CBA has released debit and credit card data showing that Australian consumers are increasing their expenditure on a range of household goods following a big slump during the COVID-19 lockdown: Analysis from our CBA credit &debit card spend data to the weekending 8May continues to suggest household expenditure has shifted gears.. Weekly application volumes trended lower over March, April and May “relative to the peak volumes experienced in February,” Commonwealth Bank said in a trading update yesterday. On the other hand the bank said “application volumes remain strong and are around 10 per cent higher than the same period last year.. to appease usc75 ill also add... The latest DFA mortgage stress data, derived from their rolling household surveys reveals that an additional 100,000 households joined the cash-flow stressed in April, bringing the percentage of households to more than 38%, which equates to more than 1.4 million.
WBC Price at posting:
$14.99 Sentiment: Buy Disclosure: Held
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