ABS reports Australian household spending rises in May

By: ameer@trustedteam.com

All Australian states and territories posted higher household spending for the month. The Northern Territory led with a 1.2% increase, driven by growth in spending on miscellaneous goods and services (+5.5%), household furnishings (+3.4%), and clothing and footwear (+2.4%). Queensland and Western Australia followed, each posting a 1.0% increase. In Queensland, the largest contributors were transport (+2.1%), hospitality services (+1.6%), and health (+1.2%).

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