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Momentum slowing in consumer spending

  • Opinion
  • December 20, 2017
  • Michael Gordon
Momentum slowing in consumer spending

There are growing signs that the slowdown in the housing market is weighing on people’s willingness to spend. Westpac’s recent confidence surveys suggest that consumers remain in a relatively good mood, but spending on debit and credit cards has flattened out over the course of this year.

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