Australian household spending data

Australian Household Spending for May 2025 +4.2% y/y expected +3.5%, prior +3.8%) +0.9% m/m expected + 0.5%, prior 0.0% The Australian Bureau of Statistics says: ‘The rise in May was driven by spending on discretionary goods and services. ‘Discretionary spending rose 1.1 per cent, as households spent more on clothing and footwear, new vehicles, and…