Growth in electronic spending in Australia moderated in March, albeit it still remains well above the levels seen in recent years. According to the Commonwealth Bank’s Business Sales Indicator (BSI), a gauge that measures electronic spending through CBA terminals, economy-wide sales rose 0.7% last month in trend terms, continuing to moderate from the levels seen earlier in the year. However, as seen in the chart below, monthly growth still remains significantly higher than the levels seen throughout much of the past two years. The BSI has now risen for 14 consecutive months, the longest stretch of gains dating back ... (full story)