Improvements to the Monthly Household Spending Indicator (MHSI) will mean the ABS can stop the Retail Trade publication after the June 2025 reference period, which will give users a more comprehensive view of household consumption and remove the need for businesses to respond to the Retail Business Survey.
The ABS has been working with key data users to understand how the MHSI can be further enhanced to meet their needs. Feedback from users has identified the following enhancements.
- Moving to a ‘household consumption’ concept bringing MHSI closer to its predominant use.
- Seasonally Adjusted Estimates.
- Current Price Estimates.
- Quarterly Chain Volume Measures.
Once in place, these enhancements will ensure the ABS is on track to provide high quality, timely estimates of household spending across a variety of consumption categories. The enhancements are planned for delivery in 2024. Between now and mid-2025 when Retail Trade ceases, the ABS will continue to work with partners and stakeholders to improve the MHSI and provide users with suitable timely data to support their needs.
More Information about this transition can be found on the Future cessation of the Retail Business Survey and Retail Trade Publication webpage or through contacting us at email@example.com.