Australia household spending falls 1.1% in April, after March jump

May 27, 2026 9:45 PM EDT

A shopper looks at vegetables displayed at a Coles supermarket in Bondi Junction, in Sydney, Australia, October 29, 2025. REUTERS/Hollie Adams

SYDNEY, May ‌28 (Reuters) - ​Australian ​household spending fell back sharply ‌in April after a petrol-induced ⁠spike the previous month, ‌data showed on ‌Thursday, as consumers scaled back on flights ​and unwound some hoarding of food.

Data from ⁠the Australian Bureau of Statistics ​showed its monthly household spending indicator (MHSI) fell 1.1% ​in April to ‌A$79.42 billion ($56.59 billion). Analysts had generally ⁠looked for a dip of 0.4%, following ⁠a 1.6% jump in March.

Air transport ​was the largest contributor to the decline, as households ‌scaled back travel and airlines cancelled ‌routes, the ABS ⁠said.

($1 = 1.4035 ‌Australian dollars)

(Reporting ​by Wayne Cole; Editing by Sonali ‌Paul)



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Reuters