In April, the HSI Index fell 1.0% to 148.11 primarily due to decreased discretionary spending.
Household spending slows, with the April HSI Index dropping 1.0% to 148.11, driven by reduced discretionary spending on food, hospitality, and recreation. While essential spending categories like education, utilities, and motor vehicles saw growth, renters experienced the least spending growth at 1.3% annually compared to mortgage and outright owners. Tasmania shows resilience as the strongest spending state with 4.0% annual growth.
May 13, 2024
3 Articles