Earlier post on the CBA consumer spending data is here: Australia data snippet - card spending on the week bounced 11.4% y/y
If you've been following along on Australia news you'll know the country's second largest city, Melbourne, has been back in lockdown, its second, approaching two weeks now as a coronavirus outbreak surges still:
The city represents around 20% of the national economy:
CBA's report has this on how Vic is lagging:
Hardly surprising. The state is currently being propped up by the other states through Federal government income support.
