According to the latest reports, more and more household are ditching their kitchen as well as gadget, instead making the economy afloat by spending their cash on meals and coffee.
For the past year a total retail spending in WA increased by just $33 million however spending on cafes, restaurants as well as takeaway food lifted by $42.4 million. “With commodity prices up from their lows and export volumes ramping up and the mining investment unwind getting close to the bottom retail sales growth in WA should bottom out this year,” AMP Capital chief economist Shane Oliver said.
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