The CommBank HSI Index is based on 12 spending categories, with a breakdown provided between goods and services, retail and non-retail, as well as essential and discretionary spending. Spending activity for each Australian State is tracked and a separate Home Buying Index also measures home lending data. CBA Chief Economist Stephen Halmarick said the new report built upon the capabilities of the previous Household Spending Intentions series, with CBA payments data now aligned to Australian Bureau of Statistics spending categories and census-weighting to be nationally representative, as well as being seasonally adjusted.

https://www.miragenews.com/commbank-index-consumers-kept-tight-budget-in-1065382/

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