Spending growth at highest level in six years

By Gina Baldassarre · 21 June 2013 · Economy

Spending growth at highest level in six years

Spending growth soars to a 6-year high

Consumer confidence is on the rise, but what's driving this sudden surge in spending? Find out what's behind the biggest growth spurt in six years.

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Summary

Consumer confidence is on the rise, with spending rising for the third straight month in May, according to the latest Commonwealth Bank Business Sales Indicator (BSI).

Tags: business sales, Commonwealth Bank Business Sales Indicator (BSI), Consumer Confidence, consumer spending, Economic Growth, Economy