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Family spending was up 4.8% in August in comparison with the identical month in 2022, with spending on transport making the most important contribution to the rise, the newest ABS figures confirmed.
“Transport spending rose 17.1% over the 12 months, which is greater than the ten.9% progress fee within the 12 months to July,” mentioned Robert Ewing (pictured above), ABS head of enterprise statistics. “Greater petrol costs, as reported within the August Month-to-month Client Value Index Indicator, in addition to spending on vacation journey and public transport contributed to the rise in transport spending.”
The general rise in family spending in comparison with August final 12 months was additionally pushed by well being (+8%), inns, cafes, and eating places (+6.9%), and meals (+4.4%).
Spending on non-discretionary items and providers lifted 9.1%, whereas discretionary spending was flat.
Throughout all states and territories, family spending elevated in August in comparison with the identical interval the prior 12 months, with Western Australia recording the most important rise in spending at +9.9%, led by transport (+22.5%) and well being (+15.4%). This was adopted by Australian Capital Territory (+8.2%) and South Australia (+6.6%).
Spending progress charges rose in all states and territories month-on-month, besides in Tasmania and the Australian Capital Territory. The Northern Territory skilled the most important carry in its progress fee, up from +0.4% in July to +4.8% in August, ABS reported.
See the Month-to-month Family Spending Indicator, August 2023.
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