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Home World Australia

‘Overall level of caution’: Household spending subdued despite super holiday

14 May 2025
in Australia
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‘Overall level of caution’: Household spending subdued despite super holiday
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In April, consumer spending rose by 0.2% due to extended holidays from Easter and Anzac Day, but the increase was less than anticipated, according to Commonwealth Bank’s insights. Despite growth in sectors like hospitality and food, spending remained mixed and underwhelming, with households continuing to save more than expected amidst lower interest rates and improving inflation. Economists suggest that several interest rate cuts may be necessary to boost consumer sentiment and spending further.

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Tags: bankingBusinesscautionfinanceholidayHouseholdlevelLifestylemoneyNewsNT NewsPersonal financeQLD NewsRegional WASpendingsubduedSuperTAS NewsVIC News
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