Consumer spending resilience supported by unsustainable savings drawdown poses medium-term risks to economic growth and equity support

"The results will help give investors a more detailed picture of how businesses and consumers are handling stubbornly high inflation."

"With wages barely keeping pace with inflation, many consumers have relied on savings to sustain spending, a trend economists cautioned may not be sustainable over the longer term."

"Economists are bracing for a slowdown in consumer spending as some of these tailwinds fade. Households have been tapping savings and saving less to maintain spending as wages have barely kept up with inflation, a situation that economists said could not continue indefinitely."