Household spending is an economic indicator which includes the sum of consumption and non-consumption expenses. The last includes mandatory payments to the state and other non-profit bodies on condition that no goods and services are provided in exchange.
This way, "household spending" index represents a total volume of funds that households spend to satisfy their needs as well as for fulfilling their legal liabilities. At the same time, "household spending" index is also an important indicator for fundamental analysis.
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