Household Spending Intentions September 2022

For September 2022 the CommBank Household Spending Intentions (HSI) Index declined by 0.5%/mth.  The fall in September was the first monthly decline since April this year and is clearly beginning to show the effects on the household sector of the RBA’s aggressive interest rate hiking cycle – with further impact expected in the months ahead. Stephen Halmarick, Chief Economist and Belinda Allen, Senior Economist discuss the results in the latest podcast and delve into the reasons why Health & Fitness and Home Buying fell while Motor Vehicle, Entertainment and Travel rose.

 

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