ABC News & Headlines – Australian Broadcasting Corporation·2 min read·medium
Australian household spending increase driven by electric vehicle sales and travel
H
Hanan Dervisevic
✦AI Summary
Australian household spending rose by 0.8 percent in June, largely driven by a surge in electric vehicle sales and a recovery in air travel. Economists suggest this moderate growth is unlikely to trigger an interest rate hike by the Reserve Bank of Australia.
The ABS said the increase in household spending was due to a rise in new vehicle purchases. ( ABC News: Sharon Gordon )
economytechnology
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