US EditionAustralia Household Spending Growth Solid in November, Boosting Economy
Household spending grew 6.3% year-on-year in November, led by Black Friday and major events, challenging expectations of near-term interest rate cuts by the Reserve Bank of Australia.
6 Articles
6 Articles
Australia household spending growth solid in November, boosting economy
Australian household spending growth was solid for a second month in November as consumers splashed out on Black Friday sales, concerts and sporting fixtures, data showed on Monday, another sign the economy was gathering steam.
Early Christmas shopping drives November spending
Retail turnover in November rose to $39.1 billion, up 7% from November 2024, according to data from the Australian Bureau of Statistics (ABS). There were strong year-on-year gains across most major categories and states, with the biggest increases reserved for well-established Christmas gift categories. Highlights include: Household goods retailing (up 10.1%). Other retailing (up 9.2%). Cafes, restaurants and takeaway food services (up 9…
NAB stock closes higher as Aussie spending data stirs rate-hike talk; RBA decision next
SYDNEY, Jan 12, 2026, 17:40 AEDT — The market has closed for the day. Shares of National Australia Bank Ltd (NAB.AX) climbed on Monday following data that revealed Australian households continued spending through November, fueling speculation about interest rate moves. The stock finished up 1.46% at A$41.62, swinging between A$40.89 and A$41.87 during the session. (Investing.com) Australian household spending climbed 1.0% in November to A$79.4 b…
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