Consumer still fearful

Tuesday 1 October 2024

Westpac with the note.

The Westpac Card Tracker Index* has been relatively steady through September, holding at 135.4 in the latest week ended September 21.

The data continues to point to a lacklustre spending response to the ‘stage 3’ tax cuts and other fiscal support measures that came into effect from the start of July.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.