The ABS today released its Household Spending Indicator for June, which revealed household spending increased 10.2% through the year in dollar terms, with both services (+15.9%) and goods (+5.0%), and discretionary (+10.8%) and non-discretionary (+9.8%) spending lifting:
Annual spending growth was solid across all jurisdictions:
According to Jacqui Vitas, head of macroeconomic statistics at the ABS:
Advertisement