Consumer spending is up 5.6% over the past 12 months.
![NAB Economics Monthly Data Insights – June 2024](https://business.nab.com.au/wp-content/uploads/2022/11/BRI_Main_757x568_Stream-4_9@2x-934x654.png)
Insight
Disappointing global growth continued into mid-2014 with stagnation in the Euro-zone sparking deflationary concern and ECB action while Japanese demand is still struggling to recover from April’s tax rise.
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