Business
Latest ABS data reveals liquor spending has reached its highest point in more than a decade – NEWS.com.au
Latest ABS data reveals liquor spending has reached its highest point in more than a decade
Lockdowns sparked by the coronavirus pandemic caused Australians over the course of 2020 to spend more on booze and entertainment than any year in the last decade. Latest figures from the Australian Bureau of Statistics shows retail turnover dipped 4.1 per cent on the previous month, with Victoria and NSW the states with the biggest decline.
CommSec chief economist Craig James said the bigger picture was a lot more positive, with spending at the highest levels in the past 12 years, especially liquor…
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