Real wages grow to 3.4 per cent as household consumption softens
William Buck Chief Economist Besa Deda says real wage growth will support consumer spending despite “soft” household consumption.
“Real wages growing means that it will help support consumer spending growth and overall economic activity,” Ms Deda told Sky News host Ross Greenwood.
“We have seen over the last period that household consumption has been pretty soft due to the cost of living expenses.
“Although the recent rate cut in February has helped alleviate some of those cost of living expenses.”
