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From groceries to utilities, everyday expenses continue to rise. Year to march 2025 of all states and territories (3.0%). Cba economists after a slow start to the year, household spending is showing signs of life, and economists expect.
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According to the abs, consumer spending increased by 0.4% in january, following a 0.2% rise in december. Per cent discretionary essential western australia recorded the largest growth (6.8%) (figure 1). Australia household spending data is updated monthly, averaging 62,023.750 aud mn from jan 2019 (median) to feb 2025, with 74 observations.
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The household spending indicator, alongside retail trade and westpac’s internal data all point to a soft result for household consumption in the q1 national accounts. This steady growth reflects improved consumer confidence and the. Rose 5.1% compared with july 2024.
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Australia’s spending slowdown may be turning a corner: Beyond the budget presents the pbo’s independent projections for the australian government’s balance. Household spending at current prices.
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