NAB says Australia nominal household spending rises 0.8% in June on discretionary lift

Reuters2026/08/04 06:59

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NAB’s August 2026 Housing Monitor flagged firmer consumption signals, with nominal household spending up 0.8% in June.
Discretionary outlays drove the rise, led by transport up 3% month-on-month; recreation and culture increased 1.4%.
Spending volumes rose 0.7% quarter-on-quarter in Q2, pointing to resilience in household demand.
NAB sees upside risk to its Q2 real household consumption growth forecast of 0.4% quarter-on-quarter.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NAB - National Australia Bank Ltd. published the original content used to generate this news brief on August 04, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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NAB says Australia nominal household spending rises 0.8% in June on discretionary lift

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