NAB Reports Steady Consumer Spending Growth in November

National Australia Bank Ltd. (NAB) reported that consumer spending in Australia continued to grow in November, rising 0.6% for the month. The NAB Spend Trend indicates this marks a full year of uninterrupted monthly growth in household spending. Household goods spending increased by 1.4%, attributed to Black Friday sales, while personal goods spending remained flat. Spending grew across all states and territories, with Tasmania (2.1%), Western Australia (1.5%), and the Northern Territory (1.1%) recording the strongest growth for the month. Over the past year, the Northern Territory (10.7%), Western Australia (9.8%), and Queensland (8.9%) led national spending growth, while Victoria (6.6%) and the Australian Capital Territory (6.5%) experienced the slowest annual rates. Total consumer spending rose by 1.7% on a three-month average basis and 8.2% over the 12 months to November. Goods spending increased by 5.8%, with household and personal goods contributing to the gains. Services spending climbed 10.7%, driven by utilities, travel, and recreation. Spending on hotels, travel, and transport rose 2.2% in November, leading the growth in services spending. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NAB - National Australia Bank Ltd. published the original content used to generate this news brief on December 17, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here