Credit and debit card spending across Australia is up 12 per cent on the same time last year but reinstated COVID-19 restrictions in Victoria have kept its recovery lagging well behind other states.
Data from Commonwealth Bank for the week to July 3 showed Tasmania and Western Australia were leading the spending recovery, up 20 per cent and 19 per cent respectively, on the same week last year.
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Matthew Cranston is the United States correspondent, based in Washington. He was previously the Economics correspondent and Property editor. Connect with Matthew on Twitter. Email Matthew at mcranston@afr.com
