June 2022 ABS GDP numbers

June 2022 ABS GDP numbers

If you are a service business (as distinct from one selling physical products), there is a chart in today’s June quarter GDP numbers issued by the ABS that should start to put a smile on your face.

That is, that services consumption in the June 2022 quarter, in real inflation adjusted dollars, is for the first quarter in the past 2 1/2 plus years, higher than the last pre covid quarter in December 2019.

Now we wait an see what impact all the interest rate rises has on spending next quarter and the lead up to xmas

 

 

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Business Survival Guide