Australia May household spending climbs 1.3%, reversing April drop
Tweet
Share
E-mail
A shopper selects potatoes in the fruit and vegetable section of a Coles supermarket in Bondi Junction, in Sydney, Australia, October 29, 2025. REUTERS/Hollie Adams
SYDNEY, June 25 (Reuters) - Australian household spending rebounded in May as travel returned to normal after a war-induced drop in April, data showed on Thursday, suggesting consumer demand was holding up in the face of higher borrowing costs and fuel prices.
Data from the Australian Bureau of Statistics showed its monthly household spending indicator (MHSI) jumped 1.3% in May to A$80.64 billion ($55.59 billion). Analysts had generally looked for a rise of 0.5%, following a steep 1.1% drop in April.
Transport was the largest contributor to gains in May, while households also spent more on clothing and eating out.
($1 = 1.4505 Australian dollars)
(Reporting by Wayne Cole; Editing by Muralikumar Anantharaman)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Earthquake hits Spanish city of Granada, damages buildings and cars
- JPMorgan debanked Polymarket last year over regulatory concerns, source says
- A $50 million hostage ransom funded al Qaeda's Mali offensive, UN says
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
