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Australia's Household Spending Slows, Interest Cuts Possible

10/2/2025

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Summary

Story summary

Australia’s household spending grew 0.1% in August, below the 0.3% expectation and marking a four-month deceleration.
Annual spending growth remains at 5%, down from 5.3% in July; recreation, alcohol and tobacco fell 0.9%, while transport rose 0.8%.
The Reserve Bank of Australia (RBA) is considering further interest-rate cuts to address the softer momentum.

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Story summary

Australia’s household spending grew 0.1% in August, below the 0.3% expectation and marking a four-month deceleration.
Annual spending growth remains at 5%, down from 5.3% in July; recreation, alcohol and tobacco fell 0.9%, while transport rose 0.8%.
The Reserve Bank of Australia (RBA) is considering further interest-rate cuts to address the softer momentum.