ONLY CHARTS #420
Aus consumer spending, Aus trade, Aus resource export prices, US Q3 GDP nowcast
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1. The ABS’ Household Spending Indicator (HSI) grew just +0.1% m/m in August following three months of solid growth.
Spending covered by the HSI - based on bank transactions, supermarket scanner data, and motor vehicle sales - is equivalent to ~62% of nominal household consumption as per the national accounts.
2. Year-ended growth in the HSI slowed a little to +5% y/y in August.
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