The Australian consumer is not running on empty just hyet according to this data.
CBA Household Spending for June 2024 +0.6% m/m
prior +1.1%
and +3.9% y/y
prior +4.3%
A slower rate of growth for both measures but not too shabby. Australian’s received a tax cut on July 1. Also from July elect
This article was written by Eamonn Sheridan at www.forexlive.com.
