Queenslanders had Australia’s strongest monthly spending in July despite what senior economists describe as “weak wage growth”.
According to Comm Sec economist, Ryan Felsman, Australians - and Queenslanders especially - are spending more due to the falling prices of goods and services.
In particular, the retail sector has experienced increased sales of up to 16.6 per cent over the past year, which is a record since 2006, before the last recession.