Australia household spending falls 1.1 percent in April
Australian household spending fell 1.1 percent in April to 79.42 billion dollars. The decline followed a March spike as consumers reduced travel and unwound food hoarding.
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Australia household spending fell 1.1% to A$79.42 billion in April as consumers cut back on air travel and food. The decline exceeded the 0.4% dip expected by economists following a 1.6% jump in March. This pullback suggests consumer resilience is weakening under price pressures, potentially impacting the EUR/AUD exchange rate.
