Business
3 sectors Aussies are splashing cash on right now – The Motley Fool Australia
Seeing where your fellow citizens want to spend money may tip you off as to which ASX shares might do well.
Australians are ploughing their cash into travel, entertainment and real estate as the country well and truly moves past the COVID-19 recession.
That’s the finding from the latest Commonwealth Bank of Australia (ASX: CBA)Household Spending Intentions (HSI) survey that analysed spending in March.
The rebound in consumer activity matches the bank’s economists’ forecast that Australia would return to pre-pandemic growth levels by the first quarter of this year.
“The stronger Household Spending Intentions…
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