Australia Spending Flat in August, but Fuel Surge Hides 0.3% Underlying Drop

Australian household spending slowed sharply in August, with growth easing from 1.1% in July to 0.0%, after a 0.9% rise in June. Spending was still 6.8% higher than a year earlier, but the flat headline overstated underlying demand because higher transport costs provided an important offset to weakness elsewhere. Transport spending rose 2.3%, while recreation […]

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