Rising Household Spending Trends in Australia: October Insights ...Middle East

Data via Commonwealth Bank of Australia, one of Australia's largest four banks. The CommBank Household Spending Insights (HSI) index rose by 0.8% in October, partially offsetting a -0.9% decline in September.Spending Categories: Ten out of twelve categories showed growth, with notable increases in:Household goods: +2.5%, driven by online marketplaces, hardware, and discount stores.Recreation: +1.6%, led by ticketing agencies for major events.Other categories: Communications & digital, Hospitality, Health, and Household services, all up by 0.9%–1.1%.Declines: Education (-1.3%) and Utilities (-3.4%) spending fell, the latter due to local government charges and electricity costs.Annual spending

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