With the release of the latest ABS household spending data, it was revealed that in inflation-adjusted terms, households had only grown their spending by 0.2% in the September quarter.
This result was down significantly from the 0.9% achieved in the June quarter and the weakest result since September last year.
In per capita terms once deflated by the working-age population (which will be the metric referred to for much of today’s analysis), the news is even less favourable.
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