Australia Household Spending Remains Flat

India, Sept. 29 -- Australia's household spending remained unchanged in August, official data showed Tuesday.

Household spending registered nil growth in August, following a 1.1 percent rise in July and a 0.9 percent increase in June.

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On a yearly basis, growth in household spending eased to 6.8 percent from 7.0 percent in July.

Data showed that recreation and culture spending posted the biggest fall of 1.4 percent after months of higher spending associated with major sporting events.

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Published by HT Digital Content Services with permission from RTT News....