Household Spendathon Still On (For Some)…

Digital Finance Analytics (DFA) Blog

Jan 09 2025 | 00:08:41

00:00 / 00:08:41

Show Notes

I have been highlighting the unequal position of households across Australia, with significant numbers in financial stress, whilst others are still spending big, and seeing real wages growing fast. This is having a weird effect on data with some signals showing significant consumer strength, and others extreme weakness. This makes it difficult at the aggregate level for the RBA to set the level of interest rates, especially with inflation as reported yesterday shifting under their feet. One such signal is retail trade date, which by the way the ABS will stop producing later in the year. They just released data […]

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