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Household Spending MoM

Name: Household Spending MoM
Creator: TipRanks

The 'Household Spending MoM' in Australia measures the monthly percentage change in the total expenditures by households on goods and services. It is a key indicator of consumer demand and economic health, as consumer spending drives a significant portion of Australia's GDP. A rise in household spending typically signals economic growth and can lead to increased business investments, while a decline may indicate economic slowdown. Financial markets closely monitor this data as it influences monetary policy decisions and can impact currency and stock market movements.