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Spending tanks as virus cases pass 300,000 in a week

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Consumer spending has plummeted to lockdown-like levels as nervous Australians avoid crowds, while supermarket bosses apologise about empty shelves, warning there could be worse shortages to come.

With 305,375 cases of COVID-19 recorded nationally this week, some restrictions have been reintroduced in NSW and Victoria.

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Tess Bennett is a technology reporter with The Australian Financial Review, based in the Brisbane newsroom. She was previously the work & careers reporter. Connect with Tess on Twitter. Email Tess at tess.bennett@afr.com
David Marin-Guzman writes about industrial relations, workplace, policy and leadership from Sydney. Connect with David on Twitter. Email David at david.marin-guzman@afr.com
Finbar O'Mallon is a reporter for The Australian Financial Review. Connect with Finbar on Twitter. Email Finbar at f.omallon@afr.com.au

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    Original URL: https://www.afr.com/policy/economy/later-worst-week-since-delta-for-consumer-spending-20220107-p59mmc