Australian total household spending in May was AU$80.64 billion on a current price, seasonally adjusted basis, rising 5.5% year-over-year and 1.3% month-on-month, according to data from the Australian Bureau of Statistics released on Thursday.
Household spending increased for all nine spending categories in May, with the largest gains seen in clothing and footwear at 2.7%, miscellaneous goods and services at 2.2%, and hotels, cafes, and restaurants at 1.9%.
Spending on goods saw a month-over-month increase of 0.1%, driven by more spending on food, clothing, and footwear, as well as goods for recreation and culture.
Meanwhile, household spending on services rose 2.6% month-over-month, with the increase driven by higher spending on air passenger and sea transport, catering services, and other services.
Household spending jumped for seven of the eight states and territories, with the strongest increases seen in Western Australia at 2.6%, Northern Territory at 2.1%, and Victoria at 1.7%.
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