The latest NAB Regional & Agribusiness webinar provides insights on the Australian & Global Economies, and a regional and rural property update. Watch the webinar here.
Webinar
Our monthly transaction data suggest spending ticked up in April after a stagnant performance last month
“Our monthly transaction data suggest spending ticked up after a stagnant performance last month.”
“However, the decreased m/m growth across the past 3 months in most categories elaborates on the trend of consumer’s targeted cutbacks shown in our recent consumer sentiment survey. Consumers remain under pressure, cutting back on eating out, services and making fewer car trips to save fuel.”
“We expect subdued spending to continue at least through the first half of the year before inflation eases further.”
For further details please see NAB Monthly Data Insights (April 2024)
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