A 'shocker' for spending as consumers shut wallets

By Peter Martin
Updated October 6 2017 - 8:23am, first published 8:12am

Low wage growth, higher electricity and gas bills and out-of-cycle mortgage rate increases have been blamed for a slump in consumer spending in July and August - the worst since 2010.

Subscribe now for unlimited access.

$0/

(min cost $0)

or signup to continue reading

See subscription options

Get the latest Taree news in your inbox

Sign up for our newsletter to stay up to date.

We care about the protection of your data. Read our Privacy Policy.