BUOYANT HOUSEHOLD SPENDING
Household consumption expenditure rose by 5,9% in the third quarter after a rise of 4,9% in the second, lifted by a further increase in households’ disposable incomes and positive wealth effects. A marked increase in household spending on services and an increase in spending on non-durable goods were primarily responsible for the higher consumption expenditure. Durable goods spending cooled.
Real final consumption expenditure by households