Australian household spending rises meagre 0.1% in April
SYDNEY (Reuters) -Australian household spending rose only marginally in April, data showed on Thursday, a further sign consumption was still lagging income growth despite a drop in borrowing rates and cooling inflation. The Australian Bureau of Statistics' monthly household spending indicator (MHSI) showed a seasonally adjusted rise of just 0.1% in April, after a dip of 0.1% in March. Household spending for April fell in four of the nine categories measured by the ABS, with notable declines in clothing and tobacco and alcohol.
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