Australia’s Household Spending Surprisingly Declines in December
Australia’s household spending growth unexpectedly declined in December following strong gains in the preceding two months, with the outlook for the new year clouded after the Reserve Bank raised interest...
By Swati Pandey · Bloomberg Markets
Australia’s household spending growth unexpectedly declined in December following strong gains in the preceding two months, with the outlook for the new year clouded after the Reserve Bank raised interest rates to help restrain demand.