Australia Sees Strong Household Spending

Household spending rose 0.8% in June Australian household spending increased 0.8% in June to $81.3 billion, beating expectations. The gain was driven by discretionary categories such as hospitality and recreation. Spending for the whole June quarter rose 0.

Household spending rose 0.8% in June

Australian household spending increased 0.8% in June to $81.3 billion, beating expectations.

The gain was driven by discretionary categories such as hospitality and recreation.

Spending for the whole June quarter rose 0.7% in real terms to $227.8 billion, following a 0.8% increase in the prior quarter.

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