Household Spending ‘Surprisingly Soft’ Despite Tax Cuts

Household Spending ‘Surprisingly Soft’ Despite Tax Cuts
A man shops in a supermarket in Australia on June 8, 2024. Susan Mortimer/The Epoch Times
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Households spent more on essentials such as groceries and healthcare last month, with overall spending down in a sign of a still-cautious consumer.

The Australian Bureau of Statistics’ (ABS) household spending indicator fell 0.1 percent in September.