Australians’ spending softened in March after Taylor Swift concert splurge

The economy is limping into 2024 after per capita activity shrank for the final three-quarters of last year

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Australians had another soft" spending month in March with event outlays almost halving from February when numbers were buoyed up by the Taylor Swift concert splurge, CBA's monthly survey of its 7 million retail customers shows.

The overall CommBank household spending index was up 0.2% in March from the previous month, to 141.8 points. It remained below November's level, when the Reserve Bank last raised its key interest rate.

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