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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
MNI (PERTH)
(MNI) Perth
The Reserve Bank of Australia rate hikes have taken heat out of household spending, which fell for a third consecutive month in November, according to the Australian Bureau of Statistics.
Household spending increased 11.4% y/y in November, down from 20.9% in October. The pace of spending peaked at 29.2% in August.
The spending data, which is based on bank transactions, showed spending on services rose 24%, while goods spending increased 1.2%. Non-discretionary spending rose 17.1% and discretionary spending gained 6.3%. The RBA next meets on February 7.
Robert covers RBA and RBNZ policy and the economy for MNI in Australia.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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