Total spending went up 0.6% m/m. Overall, total consumer spending increased 1.9% in 3-month average terms and 6.5% over the past 12 months.
Report
May 14, 2014
Alan Oster’s snapshot – Federal Budget 2014
NAB’s Group Chief Economist Alan Oster provides his overall summary of Joe Hockey’s 2014 Federal Budget, including his initial thoughts, how it could impact small and large business, and the wider economic implications for the Australian economy.
The NAB Economics team have been hard at work analysing the Federal Budget.
Here Alan Oster, NAB’s Group Chief Economist, gives his immediate thoughts on the budget, including the implications for business, and how it could affect the wider economy.
For more Federal Budget insight and analysis, visit NAB’s Federal Budget Hub.
