household spending

South Africa's spending growth contracted 3.6% in the fourth quarter of 2013, the Reserve Bank said today. "Aggregate real gross domestic expenditure declined further from an annualised rate of 0.8% in the third quarter of 2013, to 3.6% in the fourth quarter," said the central bank in its Quarterly Bulletin. Rising inflation and tighter lending conditions, among others, were given as reasons for the slower pace of real final consumption expenditure by households in the fourth quarter of … [Read more...] about Household spending contracts in fourth quarter