Aussies rein in spending, figures show

Wednesday 08 February 2012

Article by Mozo

Aussies were extra cautious when using their debit cards in December, new figures from the Australian Bureau of Statistics have shown.

Overall levels of retail spending were down by 0.1 per cent in seasonally adjusted terms during the month.

According to the data, food retailers were hit the hardest, with spending on takeaways down by 1.8 per cent, while grocery shopping declined by 0.7 per cent.

However, this was offset by increased spending on clothes and accessories, as well as household goods.

Aussies who live in Queensland appeared to tighten their purse strings the most, as retail activity across the state was down by 1.4 per cent in December. There was better news for shop owners in Victoria, however, as they experienced a 1.5 per cent rise in transactions, while turnover rose even higher (1.8 per cent) in Australia Capital Territory.

B&T reported last week that a Product of the Year survey had indicated that more Aussies were heading online to buy goods, with 80 per cent of people using the internet to make a purchase at some point.

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Aussies rein in spending, figures show

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