Aussies spent more cash in September, figures show

Mozo

Monday 05 November 2012

Aussies loosened the grip on their debit and credit cards in September, but only very slightly.

New figures released by the Australian Bureau of Statistics (ABS) have highlighted a 0.5 per cent upturn in spending during the month in seasonally adjusted terms.

On paper this seems like a very modest rise and certainly not enough for shop owners to get excited about, although things certainly appear to be heading in the right direction.

This increase followed a 0.3 per cent rise in August, with food stores and household goods retailers performing particularly well.

However, the Australian Retailers Association recently stated that merchants are still bearing the brunt of the country's high living costs and people are wary about splashing out on luxury items.

This was reflected in the new ABS figures, which showed a 0.6 per cent drop in personal accessory purchases, while department stores saw their trade dip by 0.5 per cent over the course of the month.

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Aussies spent more cash in September, figures show

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