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
July 5, 2013
Rural Commodities Wrap – June 2013
Global financial markets have taken a dive at the suggestions of the US Federal Reserve scaling back quantitative easing soon and the drying up of new stimulus initiatives by the Japanese government.
- Global financial markets have taken a dive at the suggestions of the US Federal Reserve scaling back quantitative easing soon and the drying up of new stimulus initiatives by the Japanese government.
- The first half of 2013 has seen the continuation of very mixed trends across the big advanced economies and the anticipated Chinese economic acceleration has not eventuated.
- The weakness in Australian Gross National Expenditure suggests that the domestic economy is still mired in a soft patch with the immense impact of structural change becoming more apparent.
For further analysis download the full report.
- Rural Commodities Wrap – June 2013 (PDF 350 KB)
