Tag: consumer spending

Subdued retail spending in September

Consumers spent $36.45 billion across the country in September, according to figures released by the Australian Bureau of Statistics (ABS). Australian retail turnover rose 0.1%, following a rise of 0.7% in August and...

Retailers to benefit from Halloween

One in five surveyed Australians are “getting ghoulish” this Halloween, according to the Australian Retailers Association (ARA). The ever-growing popularity of the October event is expected to be reflected in boosted retail sales...

Christmas budgets on the rise

Australians are budgeting $80 more for Christmas gifts this year and $100 more for food and drink during the festive season, according to new Pureprofile research. Total gift budgets for 2024 average $468...

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...

Warm weather lifts retail spending in August

Consumers spent $36.5 billion nationwide in August, according to figures released by the Australian Bureau of Statistics (ABS). Australian retail turnover rose 0.7%, following a rise of 0.1% in July and a rise of 0.5%...

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...

Soft consumer spending continues in July

Consumers spent $36.1 billion across the country in July, compared to $35.3 billion in July 2023, according to figures released by the Australian Bureau of Statistics (ABS). Australian retail turnover was unchanged in...

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%),...
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