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Household spending intentions up despite the challenges...


This morning in the Breakfast Show I caught up with CommBank's Chief Economist Stephen Halmarick about the November figures on household spending intentions. Obviously some areas of the economy are continuing to struggle, but overall confidence is up and Aussies are keen to spend up leading into Christmas. But one of the big surprises is how much we have managed to put into savings in the past 18 months. Listen to what Stephen Halmarick had to say here: