Australia household spending rises 1.1% in July

Australia household spending rises 1.1% in July

SYDNEY, Aug 27 (Reuters) - Australian household spending gained for ​a third month ‌in July as consumers splurged on recreation, food and health, ‌data ​showed on ⁠Thursday, suggesting ⁠demand was holding up in the face of rising borrowing ​costs. Data...

Australian Household Spending Jumps Again, Adding to RBA’s Inflation Dilemma - ActionForex

Australian Household Spending Jumps Again, Adding to RBA’s Inflation Dilemma Australian household spending rose 1.1% m/m in July, well above 0.3% consensus, after gains of 1.2% in May and 1.0% in June. Through year, spending growth accelerated from 6.1% to 7.0%, strongest annual pace since June 2023. ABS said July increase was led by recreation […] The post Australian Household Spending Jumps Again, Adding to RBA’s Inflation Dilemma appeared fir…