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Household spending flat in January - Retail World Magazine

Summary by Retail World Magazine

The monthly CommBank Household Spending Insights (HSI) Index was flat in January, unchanged at 153.4. Modest spending increases were seen across six of the 12 spending categories, with the most notable uplifts seen in spending on motor vehicles (up 1.5%), insurance (up 1.2%), and health (up 1%). The biggest spending falls in January were in education (down 1.8%), driven by reduced spending on universities, hospitality (down 1%) and household goo…

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Household spending flat in January

The CommBank Household Spending Insights Index (HIS) was flat in January, unchanged at 153.4, with some mixed fortunes for hospitality as monthly spending un January dropped one per cent, while the annual rate of change in the HIS saw hospitality spending increase eight per cent. The CommBank HIS tracks month-on-month data around approximately seven million CBA customers, which it says comprises roughly 30 per cent of all Australian consumer tra…

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