Australia Household Spending Stays Tepid as Services Trump Goods
Australia's household spending remained tepid in April as consumers directed their spare cash to services like eating out rather than goods such as clothing and cars.
Outlays rose 0.1% from the prior month, which was revised up to a 0.1% drop, Australian Bureau of Statistics figures showed on Thursday. Economists had anticipated a 0.2% increase. From a year earlier, it climbed 3.7%, down from 3.8% in March.
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‘Unbelievable': Crackdown on housing rort
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American Rare Earths Leads ASX Penny Stocks To Consider
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