ONLY CHARTS #596
Aus consumer spending, Aus quarterly NAB survey, Aus household debt, NZ Activity Index
ONLY CHARTS is only available to paid subscribers.
A 7-day free trial is available below. Group discounts are available here.
Antipodean Macro’s in-depth research is available here.
1. The ABS’ nominal household spending indicator (HSI) rose +1.3% m/m in May and rose +5.5% y/y.
Transport spending rose +1.4% m/m despite lower fuel prices in the month. The ABS noted that the increase “was mostly due to travel related refunds returning to normal after being significantly elevated in April due to flight cancellations associated with the Middle East conflict”.
Excluding transport-related spending, the HSI rose +0.6% m/m in May after declining in April.
Discretionary spending rose a strong +2.1% m/m in May, with hospitality up +1.9% m/m and clothing and footwear rising +2.7% m/m.
Keep reading with a 7-day free trial
Subscribe to Antipodean Macro to keep reading this post and get 7 days of free access to the full post archives.