Tag: Commonwealth Bank of Australia

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...

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 increased in August

The monthly CommBank Household Spending Insights Index rose 0.7% to 137.0 in August. This was led by increased education spending by international university students, higher transport spending due to increased petrol prices and...

Consumers continue to cut back on spending

Australians continued to “tighten their belts” in July, according to a new Commonwealth Bank of Australia (CBA) report, with spending growth declining nationally to just 1.3% in the year to July. The monthly CommBank...

Mixed spending amid rising cost of living

A new report by CommBank iQ takes a look at changes in spending behaviour in response to inflation, interest rate rises and rent increases. CommBank iQ is a joint venture between Commonwealth Bank...

Household spending intentions in December highest since 2017

The CommBank Household Spending Intentions Index increased by 2.5% to 115.0 in December, its highest level since the series commenced in July 2017, with the biggest gains in the travel, transport and...
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