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
August 19, 2013
Rural Commodities Wrap – August 2013
Global equity markets recovered earlier losses as it became clear that central banks would not rapidly turn off their monetary easing, although we still expect the US Federal Reserve to start tapering in the coming few weeks.
- Global equity markets recovered earlier losses as it became clear that central banks would not rapidly turn off their monetary easing, although we still expect the US Federal Reserve to start tapering in the coming few weeks.
- The long awaited rotation of global growth towards a greater contribution from big advanced economies may finally be under way as business survey and industrial output data shows growth picking up.
- The domestic sector weakened further in July, with business conditions unchanged at the lowest level in four years.
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- Rural Commodities Wrap – August 2013 (PDF 267 KB)
