Australia September Household Spending Rises 0.6 Percent
Australian household spending bounced by 0.6 percent in September to reach 82.6 billion dollars. Higher petrol prices and major sporting events boosted activity. The annual growth pace remained robust at 6.8 percent.
Australia household spending rose 0.6% in September to A$82.6 billion ($57.55 billion), driven by higher petrol prices and sporting events. The monthly increase topped the 0.2% growth forecasted by economists, recovering from a 0.1% decline in August. The rebound highlights consumer resilience despite elevated borrowing costs dampening broader economic activity.
