Australia Personal Spending Unexpectedly Decline
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Household spending in Australia fell by 0.4% month-on-month in December 2025, reversing a previous growth of 1.0% and missing market expectations of a 0.2% increase. This marks the first monthly decline since March 2024, attributed to cost pressures and high interest rates. Spending decreased across various categories, including food, clothing, and health, while it increased for alcoholic drinks and transport. Regionally, spending declined in New South Wales, Victoria, and Western Australia, but rose in Queensland and the Northern Territory. Year-on-year, household spending grew 5.0%, the slowest growth in four months.
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