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Australia Consumer Spending to Trough in Second Half of 2024, Morgan Stanley Says
Morgan Stanley said consumer spending in Australia will probably continue to weaken in the near term, and reach a trough in the second half of 2024 before improving.
Australia's Retail Sales Rebound in January
Australian retail turnover rose 1.1% to AU$35.72 billion in January from the previous month, the Australian Bureau of Statistics reported Thursday. The rebound followed the sharp 2.1% fall in December
Australia's Q4 Inflation Rate Eases to 0.6%, Falling Below Expectations
The CPI slowed to 0.6% in the December quarter, down from 1.2% in the previous quarter. Market consensus was 0.8%.
Australian Retail Sales Missed Expectations, Dropping by 2.7% in December
In December, retail sales experienced a 2.7 percent decrease from October, a steeper decline than the anticipated 1.9 percent, indicating a reduction in consumer spending leading up to the holiday season.
Australian Inflation Slows in November to 4.3%, Below Forecast
The headline consumer price index increased by 4.3% over the 12 months to November, down from 4.9% in October. This figure came in just below the market forecast of 4.4%.
When Can ASX 200 Investors Expect RBA Interest Rate Cuts?
Will interest rates go higher yet from here? Or can ASX 200 investors look forward to some rate-cutting relief from the RBA in 2024?
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