Australians looking for a good time next year have boosted the latest household spending numbers.
Australian Bureau of Statistics (ABS) data, released today, showed household spending rose 0.8 percent in October.
ABS Head of Business Statistics Robert Ewing said this followed a 0.2 percent fall in September and a 0.3 percent rise in August.
Mr Ewing said spending rose across all nine categories in October.
“This was led by Recreation and culture, with households snapping up tickets for several major international music concerts and sporting events in 2025,” he said.
“A 1.5 percent rise in Services spending drove the overall increase, as households spent more on recreational and cultural services and air travel.
“In contrast, Goods spending growth was relatively subdued, rising only 0.2 percent in October.”
Mr Ewing said, from this month, the spending indicator included seasonally adjusted estimates for states and territories.
He said, in seasonally adjusted terms, household spending rose in all states and territories for the month of October.
“The highest percentage rises were seen in New South Wales (1.0 percent), South Australia (1.0 percent) and Tasmania (0.9 percent), while Queensland (0.4 percent) experienced the smallest rise.”
Explore all the data: Monthly Household Spending Indicator October 2024.
