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2026-11-04 09:40:27

[Australian Household Spending Rebounds in September, Fuel Price Hikes and Sporting Events Boost Travel Demand] (1) Data released on Wednesday showed that Australian household spending rebounded in September, mainly due to rising petrol prices pushing up household fuel expenditures, while major sporting events also boosted demand for air travel. (2) Data from the Australian Bureau of Statistics showed that its Household Expenditures Index (MHSI) rose 0.6% month-on-month in September to A$82.6 billion (US$57.55 billion); analysts had expected an increase of about 0.2%, and the index fell 0.1% in August. (3) Household spending in September remained strong at 6.8% year-on-year, showing that household spending is resilient to rising borrowing costs.

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