Australia September household spending rises 0.6%
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 11/3/2026
- Nasdaq ends higher as AI heavyweights rebound ahead of midterm results
- Apple shares slip amid guidance for tightening margins, slowing services growth
- Rising shorts cool U.S. large-cap positioning, cutting liquidation risk: Citi
- Apple's 'unprecedented' memory warning adds fuel to wobbly Micron, SK hynix trade
- Palantir raises 2026 revenue outlook after quarterly revenue nearly doubles on AI
Tweet
Share
E-mail
FILE PHOTO: Cars queue for fuel at a BP petrol station in Sydney, Australia, March 19, 2026. REUTERS/Hollie Adams/File Photo
SYDNEY, Nov 4 (Reuters) - Australian household spending bounced in September as higher petrol prices ate more of people's budgets, data showed on Wednesday, while air travel got a boost from major sporting events.
The Australian Bureau of Statistics' monthly household spending indicator (MHSI) rose 0.6% in September to A$82.6 billion ($57.55 billion). Analysts had looked for a rise of around 0.2%, after a 0.1% fall in August.
The annual pace of spending growth remained robust at 6.8%, showing resilience to higher borrowing costs. In real terms, spending rose 0.7% in the third quarter, led by air travel.
(Reporting by Wayne Cole; Editing by Muralikumar Anantharaman)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- JetBlue raises checked bag fees to $70 amid fuel costs
- Analysts react to US midterm election results
- Australia's Canva to cut about 22% of staff as growth slowdown triggers restructuring
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!
