Credit and debit card data from the Commonwealth Bank shows spending is now 5 per cent higher than the same time last year but show the ACT's tight COVID-19 restrictions have kept it lagging behind all other states or territories.
The slow easing of restrictions in Victoria has seen spending momentum lift in that state with overall spending there finally reaching a point where it is now higher than this time last year, up 3 per cent.
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Matthew Cranston was The Australian Financial Review’s United States correspondent.