Search results for Household spending

Household spending

Australians looking to Black Friday and Cyber Monday for deals on essential purchases

New CommBank research highlights how Australians are looking to deals and discounts to help with the cost of living.
23 November 2023
Household spending

Household spending drops in October as ongoing effect of rate hikes slows consumer spending

CommBank Household Spending Insights Index fell 1.0 per cent to 139.8 in October.
13 November 2023

CommBank offers interest-free finance for solar and battery systems

Solar and battery provider UPowr first to offer CommBank’s new product InstalPay
31 October 2023
Household spending

Victoria had strongest spending among states in September driven by AFL Finals

CommBank Household Spending Insights Index rose 0.5 per cent in September, led by increased hospitality and food & beverage spending during school ...
11 October 2023
Household spending

Surge in international students, higher petrol prices and FIFA World Cup drove increased household spending in August

CommBank Household Spending Insights Index rose 0.7 per cent in August, with strongest monthly gain in Queensland. However annual spending growth r...
13 September 2023
Household spending

New CommBank Household Spending Insights Index shows consumers continued to tighten belts in July

Monthly CommBank HSI Index is based on de-identified transaction data of CBA customers and 12 spending categories. Shows Western Australia had the ...
15 August 2023
Household spending

CommBank HSI Index drops 1.7% in June, as discretionary spending weakens further

Decline led by reduced spending on home buying, health & fitness, entertainment and travel, with utilities spending increasing at its highest rate ...
11 July 2023
Household spending

Discretionary spending weak again in May and signs of parents needing to work more hours

Increased number of trading days in May sees CommBank HSI Index reverse April’s decline, with higher childcare spending suggesting parents are need...
13 June 2023
Household spending

Household spending declines in April

Drop in CommBank HSI Index due to reduced trading days for Easter and ANZAC Day holidays, as annual spending growth continues to moderate.
9 May 2023
Household spending

Return to work drives increased transport spending

Rise of CommBank HSI Index in March also led by increased entertainment, retail, travel and education spending - as annual spending growth continue...
18 April 2023
Household spending

CommBank HSI Index declines again in February, led by weaker spending on entertainment, retail and travel

Commbank HSI Index declines again in February, led by weaker spending on entertainment, retail and travel.
14 March 2023
Household spending

Summer holidays support spending in January, as consumer activity slows

CommBank HSI Index drops 6.9 per cent after Christmas, with signs of slowdown in retail activity
16 February 2023
Household spending

Australians plan to spend over $3.6 billion in this year’s Boxing Day sales

More than half a million more Australians are planning to shop the Boxing Day sales this year, with most hoping to save money to help curb cost of ...
20 December 2022
Household spending

Black Friday sales boost spending in November, with consumer slowdown expected to gather pace

Narrow monthly rise in CommBank HSI Index sees Black Friday bargains bring forward Christmas spending, as consumers plan to tighten belts.
13 December 2022
Household spending

Higher prices drive increased household spending in October, as discretionary spending continues to weaken

Narrowly based 0.9 per cent monthly rise in CommBank HSI Index, with home buying and travel spending down after recent interest rate hikes.
8 November 2022
1 November 2022

Spending declines as rising interest rates impact households

The RBA’s aggressive interest rate hikes are beginning to effect spending, according to the latest CommBank Household Spending Intentions Index
11 October 2022
Household spending

Household spending mixed as interest rate rises take effect

Narrow rise in CommBank Household Spending Intentions Index in August reflects the current pressures facing households.
13 September 2022
Home loans

Aussies making their home loans work harder as offset usage grows

Home loan customers looking to make savings have turned to mortgage offset accounts, new data from CBA has revealed.
6 September 2022
Household spending

Narrowly based spending rise in July, as higher interest rates curb consumer activity

Monthly CommBank HSI Index tracks increased entertainment, transport, retail and utilities spending, while interest rate sensitive sectors continue...
16 August 2022
Household spending

Rising prices and return to work lift consumer spending in June, but higher interest rates already making impact

CommBank Household Spending Intentions Index tracks the impact of higher prices and interest rate increases, with declines in entertainment, home b...
12 July 2022
Household spending

Signs of slowing in household spending after interest rate rises

CommBank HSI Index lifts during May across most categories, but discretionary spending starting to soften with rising cost of living.
14 June 2022

Aussies boosted ‘rainy day’ funds by almost 50% during COVID in expectation of economic shocks

Australians continue to sustain high levels of precautionary savings to preserve their financial wellbeing in the face of economic uncertainty, glo...
2 June 2022
Household spending

Household spending intentions fall by 3.8% in April

Latest CommBank HSI Index data shows normalising of spending patterns post COVID, with strong increases in travel and entertainment activity alongs...
10 May 2022
Household spending

CommBank HSI Index at record high in March as economic recovery revs higher

Stronger economic momentum spurs increases in spending intentions across 11 of 12 spending categories, led by transport, travel and retail.
12 April 2022
Household spending

CBA spending data shows Australians on the move in February

The CommBank HSI Index rose 1.8% in February, led by increased spending on transport and post summer holiday home buying.
8 March 2022
Household spending

Household spending intentions down in January due to Omicron, while latest card data shows economic recovery back on track

The CommBank HSI Index dropped 10% in January, but new card data suggests consumer spending is now recovering.
8 February 2022
Household spending

Household spending intentions in December highest since 2017, but COVID cases impact spending in January

CommBank HSI Index rose 2.5% in December driven by increased spending on travel, transport and retail. Omicron causes spending to drop in January.
20 January 2022
Household spending

Aussies plan to spend $4 billion in this year’s Boxing Day sales

Australians plan to spend more than $550 each online and in-store during the Boxing Day sales, with most preferring to shop in-store.
21 December 2021
Household spending

Australian household spending intentions return to pre-COVID levels for first time

CommBank's HSI Index for November has recorded sharp rises in transport and travel spending and increased retail activity, as consumers head into C...
7 December 2021
Household spending

CommBank launches new Household Spending Intentions Index

Data-driven economic indicator shows post-lockdown surge in Australian consumption led by increased spending on travel, transport and entertainment.
9 November 2021
Household spending

Aussies put home buying plans on ice as they emerge from lockdown

Home buying spending intentions have taken a hit in October, but remain buoyant for the year, according to CommBank’s new Household Spending Intent...
9 November 2021
Household spending

Supply constraints put brakes on motor vehicle spending intentions

CommBank’s new Household Spending Intentions Index has revealed motor vehicle spending intentions slipped in October after enjoying a strong year.
9 November 2021
Household spending

Spending intentions fall during lockdowns

Household Spending Intentions (HSI) data for July 2021 shows year on year declines in most spending categories for first time since the start of pa...
17 August 2021
Household spending

Spending intentions increase for education, fitness & health

Household Spending Intentions (HSI) for June 2021 shows falls in the home buying, retail, travel, entertainment & motor vehicle categories in compa...
20 July 2021

COVID-19 restrictions have lower than expected impact on card spending in NSW

Commonwealth Bank of Australia has revealed the latest card spend data for the week ending 2 July.
6 July 2021
Household spending

Stronger spending intentions for May show growing consumer confidence

Increases in home buying, education, health and fitness spending intentions reflect continued economic recovery, according to combined CBA and Goog...
15 June 2021
Household spending

Home buying, retail, entertainment spending intentions climb in April

Spending intentions across all seven categories march higher as Australian households recover from Covid-19 impacts, according to combined CBA and ...
18 May 2021
Household spending

March spending intentions surge amid Australia’s economic rebound

Stronger spending intentions on COVID-hit sectors reflect broad economic recovery and base effects, according to combined CBA and Google data for M...
20 April 2021
Household spending

Home buying intentions soar in February, while retail spending intentions show signs of cooling

Prospective spending on residential property neared a record, and spending plans for entertainment, education and health and fitness categories als...
16 March 2021
Household spending

Home Buying, Travel, Health & Fitness spending intentions climb in January

Appetite for property ticked higher in January 2021, with combined CBA and Google data showing an increase in home buying intentions.
16 February 2021
Household spending

Travel, entertainment spending intentions increase in December

Australian household spending intentions for travel and entertainment ticked higher at year-end, even as appetite for home buying softened, accordi...
19 January 2021

Aussies' financial wellbeing improves during pandemic, research shows

Uncertainty during 2020 saw Australians save more and spend less, with the vast majority seeing their financial wellbeing score improve or remain u...
22 December 2020
Household spending

Home Buying and Retail spending intentions strengthen in November

Spending intentions grew in a number of key categories last month, according to combined CBA and Google data.
15 December 2020
Household spending

Stay on top of your spending this festive season

A window into our psychology can help us avoid that January spending hangover, according to CBA’s Head of Behavioural Economics, Will Mailer.
11 December 2020
Household spending

Spending intentions: A mixed bag in October

Combined CBA and Google data highlights how spending intentions were mixed across different sectors last month, according to CBA’s Chief Economist.
17 November 2020

Card spending surges as restrictions ease and internal borders improve

Spending on services was the dominant driver in a 13 per cent year-on-year increase in overall spending last week, according to latest research fro...
10 November 2020

Uneven recovery continues in September

CBA’s Chief Economist Stephen Halmarick confirms spending intentions largely tracked sideways in September, while expecting future improvements.
20 October 2020
Household spending

Recovery in household spending intentions stalls

Greater Melbourne’s stage 4 restrictions impacted household spending intentions in August, according to the CBA’s latest data.
15 September 2020
Household spending

Household spending intentions improved in July

While the latest data indicates that the recent lockdowns and border closures are clearly slowing the pace of spending, there was solid improvement...
18 August 2020