Australia Household Spending Rises 0.6%, But Essential Expenses Lead the Gains

Australian household spending increased 0.6% mom in September, with annual growth reaching 6.8%, according to the Australian Bureau of Statistics (ABS). Spending rose across six of the nine categories and all eight states and territories, indicating continued expansion in household demand despite tighter financial conditions. In inflation-adjusted terms, household spending volumes increased 0.7% qoq in […] The post Australia Household Spending Rises 0.6%, But Essential Expenses Lead the Gains appeared first on ActionForex.