Investors looking to tap into the recovery in consumer spending – retail trade figures have moved to a 12-year high – usually look first to the retail stocks. But that’s not the only way to pick up on a more positive outlook from Australian households.
One of the categories leading the charge in consumer spending is leisure spending. According to Commonwealth Bank Research, its Business Sales Indicator (BSI), a measure of economy-wide spending, grew for the 38th straight month in September. But the sector with the strongest annual growth in September was amusement and entertainment.
A small group of stocks in Australia pick up on leisure spending. Here we talk about four of them.