Australian retail trading data for March to reveal consumer spending impact amid rising interest rates, inflation, and taxes.
Australian consumer spending habits will be in focus as retail trading data is released, covering March, following a 0.3% increase in February partly supported by Taylor Swift concerts. Consumers face higher interest rates, inflation, and tax burden, impacting spending and sentiment. Selected cost of living indexes will illustrate the impact of higher prices on different household types. Despite the economic climate and cash-strapped households, property prices continue to rise.
April 28, 2024
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