Data is here:
Reuters have a bit of a recap up, noting that Household spending rose 0.7% year-on-year in July, after a revised 4.3% fall in June
- weaker than a median market forecast for a 2.9% gain in a Reuters poll
- The modest rise in July was partly due to a sharp contraction in the same month last year, when household spending slumped 7.6% year-on-year as consumers delayed spending on things such as travel and overnight stays due to the health crisis.
- The month-on-month figures showed a 0.9% contraction
