The most notable contributor to the increase was the rise in recreation and culture, largely driven by the release of films such as Moana 2 and Gladiator II.
Household spending in Australia saw a modest rise of 0.4 percent in November, following a stronger 0.9 percent increase in October, according to seasonal figures released by the Australian Bureau of Statistics (ABS).
While September had seen a slight dip of 0.2 percent, November’s growth was driven by significant retail activity, including the Black Friday sales, which boosted spending in sectors like recreation and culture.
Recreation and culture spending rose by 0.9 percent, largely driven by Black Friday promotions, and the release of major films such as Wicked, Gladiator II, and Moana 2.
“Spending on Clothing and Footwear also rose by 1.8 percent, while Furnishings and Household Equipment saw an increase of 0.8 percent,” said ABS Head of Business Statistics, Robert Ewing.
These gains in discretionary spending reflect a broader recovery in sectors like new vehicle purchases, with notable rises in SUV sales, further lifting consumer confidence and expenditure in November.
Spending Growth Across States, Some Declines in…
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