Australia Household Spending Posts Solid June Gain as EV Sales Jump

Household spending increases in June, powered by EV sales

Australian household spending rose for a second month in June as consumers splashed out on electric vehicles amid rising fuel costs.

Australia household spending posts solid June gain as EV sales jump

EV sales, air travel drive rebound in consumer spending

A surprisingly strong 0.8 per cent rise in household spending could indicate that interest rates aren't slowing the economy as fast as the Reserve Bank thinks.

Household spending in June smashes estimates

Australian household spending grew 0.8 per cent in June, beating estimates for a 0.2 per cent lift in a result that suggests consumers are remaining resilient.

Australia household spending jumps as fuel spike drives EV surge

Inflation was softer than anticipated last quarter Read more at The Business Times.