Mon, 21 May 2012 08:44:40 GMT
Australia business sales eased down by 1.3% last month
Australian consumer spending declined by 1.3% on a seasonally adjusted basis in April, according to Commonwealth Business Sales Index. The card transactions survey indicated that customers still spend but prefer to buy services rather than goods. Australians are focused on experience nowadays rather than just on physical goods, said Craig James, economist from CommSec.