Lockdown Impact on Card Spending Muted in NSW Compared to Victoria

Lockdown Impact on Card Spending Muted in NSW Compared to Victoria
Michal Jarmoluk/Pixabay
Rebecca Zhu
Updated:

The recent lockdown restrictions in New South Wales (NSW) have had a lower impact on spending activity in the state compared to the recent Victorian hard lockdowns.

Both Commonwealth Bank and Westpac Bank data revealed that overall household card activity had not made any significant drops in NSW after the first week of restrictions.