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.
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