October CBA household spending falls m/m (rate hikes impacting consumption)

<p>Commonwealth Bank of Australia consumer spending information using its data:</p><ul><li>CBA Household Spending in October fell 1% m/m</li><li>The y/y was still positive at 2%, but down from 3.6% in September</li></ul><p>I posted on how Reserve Bank of Australia rate hikes were more noticeably slamming into spending a little earlier:</p><ul><li><a href="https://www.forexlive.com/centralbank/westpac-forecasts-that-the-rba-will-hold-rates-now-but-risks-loom-20231113/" target="_blank" rel="follow" data-article-link="true">Westpac forecasts that the RBA will hold rates now, but risks loom</a></li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.