Credit and debit card spending has dropped across most categories in Victoria as the second-wave lockdown bites, dragging down overall spending across the country.
Commonwealth Bank data shows growth in card spending across the country eased in the week to July 10 to be only 7.2 per cent higher than a year ago. This is down from 12 per cent higher in the week to July 3.
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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
