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Australian private survey of household spending drops 1.7% m/m in June (prior +3.1%)

Australian private survey of household spending drops 1.7% m/m in June (prior +3.1%)

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By Eamonn Sheridan
10/07/2023 | 23:19 GMT

The Commonwealth Bank of Australia survery of household spending fell 1.7% m/m in June

  • prior +3.1%

for the y/y, came in at +2.4%

  • prior +4.7%

-

Spending has been under pressure due to rising rates in Australia.

AUd little changed:

audusd cba household spending decline 11 July 2023

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