Australia’s Household Spending Dips 0.1% In September, Hit By Cutbacks In Apparel And Transport
The Australian Bureau of Statistics reported a 0.1% decline in the household spending indicator for September, suggesting that consumer spending remained weak, despite tax cuts and cost-of-living measures that have boosted household incomes since July. The annual growth declined sharply to 1.3%, down from 2.7%, which was the lowest rate since August 2021, when a … Read more
