Financial News: Australia Household Spending Remains Flat

Australia Household Spending Remains Flat

09/29/2026 - 01:48:00 (RTTNews)

(RTTNews) - Australia's household spending remained unchanged in August, official data showed Tuesday.

Household spending registered nil growth in August, following a 1.1 percent rise in July and a 0.9 percent increase in June.

On a yearly basis, growth in household spending eased to 6.8 percent from 7.0 percent in July.

Data showed that recreation and culture spending posted the biggest fall of 1.4 percent after months of higher spending associated with major sporting events.

Clothing and footwear, recreational goods, food, health, and furniture also fell, ABS head of business statistics Tom Lay said.

These falls were offset by a 2.3 percent rise in transport spending, leaving overall household spending unchanged from July, Lay added.

"Both fuel spending and new vehicle sales contributed to this rise, especially electric vehicles sales as households respond to rising fuel prices," said Lay.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Thirty-Year Bond Auction Attracts Above Average Demand (09 hr(s), 07 min(s), 32 sec(s) ago)
(RTTNews) - Finishing off this week's series of announcements of the results of its long-term ...Full Story»

Cyprus Inflation Climbs To 3-year High (11 hr(s), 34 min(s), 32 sec(s) ago)
(RTTNews) - Cyprus' consumer price inflation accelerated further in September to the highest l ...Full Story»

Croatia Producer Price Inflation Rises To 8.6% (12 hr(s), 04 min(s), 32 sec(s) ago)
(RTTNews) - Croatia's producer price inflation accelerated further in September to the highest ...Full Story»

Latvia Inflation Remains Stable At 3.2% (12 hr(s), 55 min(s), 32 sec(s) ago)
(RTTNews) - Latvia's consumer price inflation held steady in September after rising in the pre ...Full Story»

U.S. Jobless Claims Unexpectedly Dip From Upwardly Revised Level (12 hr(s), 59 min(s), 32 sec(s) ago)
(RTTNews) - The Labor Department released a report on Thursday showing first-time claims for U.S. ...Full Story»

U.S. Weekly Jobless Claims Unexpectedly Dip To 197,000 (13 hr(s), 41 min(s), 32 sec(s) ago)
(RTTNews) - The Labor Department released a report on Thursday showing first-time claims for U.S. ...Full Story»

Irish Inflation Climbs To 4.1%, Highest Since January 2024 (14 hr(s), 16 min(s), 32 sec(s) ago)
(RTTNews) - Ireland's consumer price inflation accelerated further in September to the highest ...Full Story»

Taiwan Trade Surplus Grows In September (15 hr(s), 05 min(s), 32 sec(s) ago)
(RTTNews) - Taiwan's foreign trade surplus increased notably in September compared with a year ...Full Story»