Household spending hit with narrow rise as interest rates begin to bite
The CommBank Household Spending Intentions (HSI) Index rose by 0.8% in August to 115.5, highlighting the momentum in the Australian economy, higher inflation pressures and the impact of the RBA’s monetary policy tightening. The index – which combines Commonwealth Bank of Australia (CBA) payments data and Google Trends search information – saw increases in the categories on […]