Australian Household Spending May 2025 +4.2% y/y (expected +3.5%), +0.9% m/m (exp +0.5%) ...Middle East

+4.2% y/y

expected +3.5%, prior +3.8%)

expected + 0.5%, prior 0.0%

The Australian Bureau of Statistics says:

'The rise in May was driven by spending on discretionary goods and services. 'Discretionary spending rose 1.1 per cent, as households spent more on clothing and footwear, new vehicles, and dining out. ‘Meanwhile, non-discretionary spending was up 0.5 per cent, rising for a fifth consecutive month.’

Earlier:

Reuters poll: 31 of 37 economists expect cut to RBA cash rate by 25bp next week This article was written by Eamonn Sheridan at www.forexlive.com.

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