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

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: