Household spending in Australia rose 0.1% over the past year, according to figures recently released by the Australian Bureau of Statistics (ABS).
Spending on services increased by 2.3%, driven by higher expenditures on health and other services, while spending on goods fell 2.5%, led by declines in clothing, footwear, and goods for recreation and culture.
Non-discretionary spending rose 1.8%, with significant contributions from health expenses and vehicle purchase and operation costs. Discretionary spending decreased by 1.9%, primarily due to reduced spending on clothing, footwear, and accommodation services.
You may read the whole article here:
https://bit.ly/4cxUJJ0
