Tag: Commonwealth Bank of Australia

Black Friday boosts November spending

The CommBank Household Spending Insights (HSI) Index rose by 1.3% to 156.9 in November. This was led by a 5.7% jump in spending on household goods as shoppers took advantage of Black Friday...

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 rises in May

The monthly CommBank Household Spending Insights (HSI) Index increased 1.1% in May to 150.21. This follows a 1% drop in April, continuing the month-to-month spending volatility seen throughout 2024. While household spending rose in May,...

Household spending soft in March

The monthly CommBank Household Spending Insights (HSI) Index increased 0.2% in March to 141.8. This, says the bank, was led by shoppers stocking up the fridge ahead of the earlier-than-usual Easter break. The spending uplift was...

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...
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