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AAP
AAP
Business
Andrew Brown and Adrian Black

BIZARRE: Household spending flat as tax cuts saved for rainy day - What They Never Told You

Leading economists have been caught off-guard by flat household spending. (Joel Carrett/AAP PHOTOS)

Leading economists have been caught off-guard by sluggish household spending figures that jar with strong retail sales and seem to debunk a theory about tax cuts.

Household spending was unchanged in August despite a 0.7 per cent uptick in retail turnover driven in part by warmer weather.

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