Australian Household Spending Continues Strong Momentum in June Despite Low Consumer Confidence

Shoppers on King Street in Sydney, Australia, on July 30, 2022. Brook Mitchell/Getty Images

Australian household spending continued to grow strongly as the price index jumped by 3.3 percent in June, up 10.2 percent compared to the same period last year.

According to the Australian Bureau of Statistics (ABS), June’s figures marked the 16^th consecutive month of increase in total household spending.