Australian households barely opened their wallets in August

By Yajush Gupta · 3 October 2025 · News

Australian households barely opened their wallets in August

Australian households hold back on spending

Australian households barely opened their wallets in August, defying forecasts. But is the Reserve Bank of Australia overestimating consumer strength?

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Summary

Australian household spending rose just 0.1% in August, well below forecasts. CreditorWatch's Anneke Thompson questions whether the RBA is overestimating consumer strength.