hold spending has been consistently on the rise, and grew 1.2% in October compared to a year ago. It marked a fifth consecutive month of gains since falling 0.5% in May.This is also expected to show some sluggishness, according to Thieliant, who said real wages in the nation will eventually impact the wider consumption activity.”The recovery in spending will have to slow as these households get hit by real incomes,” said Thieliant, as the nation saw sharpest contraction in real wages in more than seven years.This article was originally published by cbnc.
Trending
- Cuba’s President condemns raid on Mexican Embassy in Ecuador
- Muslim Group in US Condemns Washington’s Support for Israel
- El-Sisi hosts Russian spy chief in Cairo
- PM Mustafa meets with British Foreign Secretary Cameron
- The death of Pascal Sleiman: was it a crime, or a political assassination?
- By killing 14k innocent children in Gaza, Israel has outdone Hitler
- Ukrainian front may collapse this summer — newspaper
- Erdogan conveys condolences to UAE for flood disaster