Year to march 2025 of all states and territories (3.0%). Beyond the budget presents the pbo’s independent projections for the australian government’s balance. 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. 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.
Australia’s spending slowdown may be turning a corner:
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