Household Spending Intentions – January 2022

The CommBank Household Spending Intentions Index fell by 10% in January 2022. January is a seasonally weak month after a surge in Christmas spending. However the Omicron outbreak did subdue spending further. Falls were largest in retail, entertainment and household services and more muted in insurance, utilities and education. Stephen Halmarick, Chief Economist and Belinda Allen, Senior Economist discuss the details of the results and explain why the economic recovery is still on track.

 

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