Household spending rises with Black Friday sales
Household spending rose 0.4 per cent in November, according to seasonally adjusted figures released today by the Australian Bureau of Statistics (ABS).
This follows a 0.9 per cent rise in October and a 0.2 per cent fall in September.
Six out of the nine spending categories rose in November, mostly driven by Black Friday sales.
Robert Ewing, ABS head of business statistics, said: “Black Friday boosted sales in Recreation and culture by 0.9 per cent, making it the largest contributor to overall spending growth. Spending in cinemas continued to grow strongly, with major releases such as Wicked, Gladiator II and Moana 2 all opening in November.
“Spending on Clothing and footwear and Furnishings and household equipment also rose by 1.8 per cent and 0.8 per cent respectively.
“Growth in these categories drove the 0.4 per cent rise in discretionary spending. Strength in new vehicle purchases also contributed to higher discretionary spending, with the Federal Chamber of Automotive Industries reporting a notable rise in SUV sales in November.”
Household spending grew in most states and territories. The highest percentage rises were seen in Queensland (+0.7 per cent), Victoria (+0.5 per cent), South Australia (+0.5 per cent) and Western Australia (+0.5 per cent), while the Australian Capital Territory and Tasmania fell 0.4 per cent and 0.2 per cent respectively.
Media notes
- The indicator is produced using aggregated and de-identified card transactions from banks, supermarket scanner data, and motor vehicle sales data from the Federal Chamber of Automotive Industries and Electric Vehicle Council.
- The indicator includes nine of the 13 key divisions which are classified according to the Classification of Individual Consumption by Purpose (COICOP).
- Care should be given when comparing Household Spending Indicator estimates with other ABS products. See the Methodology page for further information.
- When reporting ABS data you must attribute the Australian Bureau of Statistics (or the ABS) as the source.
- For media requests and interviews, contact the ABS Media Team on 1300 175 070 or media@abs.gov.au (monitored 8:30am-5pm Canberra time, Monday-Friday).
- Watch our data crash course, designed especially for journalists to learn how to find, download and interpret our data.
- Subscribe to our media release notification service to get notified of ABS media releases or publications on their release.