Tag: spending

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...

Aussies spend on travel and entertainment amid rising costs

Australians continue to prioritise spending on travel and entertainment despite feeling ongoing pressure from rising living costs, according to the latest CommBank iQ Cost of Living Insights Report. The report shows quarterly spending...

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...

Christmas gifting spend to drop

This year’s holiday season will see shoppers spending less per head but more purposefully. According to a new survey by the Australian Retailers Association (ARA), in collaboration with Roy Morgan, 30% of surveyed...

Aussies to spend $6.36b this Black Friday

Despite an expected softening in the broader pre-Christmas spending period, says the Australian Retailers Association (ARA), the popularity of Black Friday is set to continue. Research by the ARA, in partnership with Roy...

Aussies to spend $10.5b on Christmas gifts

Australians are expected to spend $10.5 billion on Christmas gifts this year, according to the September edition of the Fifth Quadrant Consumer Insights Study. This is despite 71% of respondents believing the cost-of-living...

Aussies predicted to spend $66.8b this Christmas

Pre-Christmas spending in 2023 is expected to edge in line with last year’s results. Provisional forecasts by the Australian Retailers Association (ARA), in conjunction with Roy Morgan, predict $66.8 billion will be spent...

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...
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