Tag: CBA

Household spending declines in September

The monthly CommBank Household Spending Insights (HSI) Index declined 0.7% in September to 146.7, despite increased recreation spending around the AFL and NRL grand finals. Six of the 12 spending categories saw a decline...

Early Father’s Day boosts household spending in August

The CommBank Household Spending Insights (HSI) Index rose by 1.8% in August to 154.3 as consumers splurged in the lead-up to an early Father’s Day. 10 of the 12 spending categories rose in the...

Household spending flat in July

The monthly CommBank Household Spending Insights (HSI) Index was flat in July, unchanged at 148.2. Modest spending increases were seen across seven of the 12 spending categories, with the most notable uplifts in household goods (up 1.3%),...

CBA reimagines business banking

Commonwealth Bank of Australia (CBA) recently announced new products, services and features for business customers, aimed at meeting more of their banking needs. Among the new additions are an expansion of CommBank Yello...

Household spending drops in December

The monthly CommBank Household Spending Insights (HSI) Index fell 3.9% in December. This, says the bank, was due to the cumulative effect of successive interest rate rises as well as consumers bringing forward holiday...

Australian economy remains in ‘relatively good shape’, CBA

The Commonwealth Bank of Australia (CBA) believes the RBA’s efforts will slow the economy without pushing it into recession next year. “Looking ahead, 2024 will have more than its fair share of risks...

Household spending rises in November

The monthly CommBank Household Spending Insights (HSI) Index rose 1.8% in November. This was driven by consumers bringing forward their holiday shopping to take advantage of heavy discounting during Black Friday and Cyber...

Household spending drops in October

The monthly CommBank Household Spending Insights (HSI) Index fell 1% in October. This was led by declines in spending across recreation, hospitality and food and beverage as the ongoing effect of interest rate...
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