October CBA household spending falls m/m (rate hikes impacting consumption) ...Middle East

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October CBA household spending falls m/m (rate hikes impacting consumption)
source : forex live ( Middle East ) () 28
Commonwealth Bank of Australia consumer spending information using its data:CBA Household Spending in October fell 1% m/mThe y/y was still positive at 2%, but down from 3.6% in SeptemberI posted on how Reserve Bank of Australia rate hikes were more noticeably slamming into spending a little earlier:Westpac forecasts that the RBA will hold rates now, but risks loom This article was written by Eamonn Sheridan at www.forexlive.com.

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