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Monthly Household Spending Indicator

Experimental indicator of household spending using bank transactions data

Reference period
December 2021
Released
22/02/2022

Key statistics

  • Household spending increased 8.6% through the year, current price, calendar adjusted. 
  • Through the year, household spending increased the most for furnishings and household equipment (+27.4%) and hotels, cafes and restaurants (+23.6%). The largest through the year decrease was for recreation and culture (-8.9%). 
  • Victoria (+13.8%) and New South Wales (+10.7%) were the states with the highest increases in household spending through the year. 

This is the first release of a new experimental monthly household spending indicator using aggregated, de-identified banks transactions data. The indicator provides early insights into household consumption with approximately 68% coverage. Household consumption is approximately 50% of Gross Domestic Product (GDP).

The indicator will be published eight weeks after each month. Over time, we expect to shorten the publication lag.  

The ABS would like to thank and acknowledge the ongoing support of the participating banks who have enabled the production of this new monthly household spending indicator.

Monthly household spending overview

Index reference period January 2019 = 100.0

Indicator estimates are produced in current price original and current price calendar adjusted terms. Calendar adjusted estimates account for trading day impacts and length of month. As the indicator time series lengthens, seasonally adjusted estimates will become available. Until such time, it is advised to focus on the through the year movements.

Through the year household spending increased in six spending categories. The largest through the year increases were in furnishings and household equipment (+27.4%) and hotels cafes and restaurants (+23.6%). Recreation and culture (-8.9%) and clothing and footwear (-2.3%) were the largest falls through the year. 

Household spending increased through the year for all states and territories with Victoria (+13.8%) and New South Wales (+10.7%) the highest increases. In Victoria household spending increased the most through the year for hotels, cafes and restaurants (+38.8%). In New South Wales the highest household spending increase was in furnishings and household equipment (+54.0%).

State household spending through the year by category, current price, calendar adjusted (%)
 NSWVic.QldSAWATas.NTACT
Food0.94.93.01.70.51.313.3-2.0
Alcoholic beverages and tobacco10.011.6-34.5-5.9-5.90.4-16.315.6
Clothing and footwear-11.86.4-3.28.18.67.412.3-41.6
Furnishings and household equipment54.029.58.40.27.9-5.710.021.9
Health12.011.16.9-4.0-1.915.64.27.8
Transport28.433.47.89.411.113.67.734.5
Recreation and culture-25.3-4.02.62.23.8-1.77.8-20.7
Hotels, cafes and restaurants32.838.811.26.814.0-0.626.413.8
Miscellaneous goods and services19.315.310.06.16.910.3-1.122.4
Total10.713.83.23.04.94.97.87.4

Data downloads

Table 1. Experimental estimates of Household Spending, Australia

Index numbers and monthly percentage change

Table 2. Experimental estimates of Household Spending, New South Wales

Index numbers and monthly percentage change

Table 3. Experimental estimates of Household Spending, Victoria

Index numbers and monthly percentage change

Table 4. Experimental estimates of Household Spending, Queensland

Index numbers and monthly percentage change

Table 5. Experimental estimates of Household Spending, South Australia

Index numbers and monthly percentage change

Table 6. Experimental estimates of Household Spending, Western Australia

Index numbers and monthly percentage change

Table 7. Experimental estimates of Household Spending, Tasmania

Index numbers and monthly percentage change

Table 8. Experimental estimates of Household Spending, Northern Territory

Index numbers and monthly percentage change

Table 9. Experimental estimates of Household Spending, Australian Capital Territory

Index numbers and monthly percentage change

Download all Experimental estimates of Household Spending datacubes

Index numbers and monthly percentage change

Acknowledgement

The ABS would like to acknowledge the ongoing support of the participating banks that have enabled the ABS to produce these statistics.

Articles

The development of a new monthly household spending indicator

Further information on the new household spending experimental indicator can be found in the article: The development of a new monthly household spending indicator