Household Spending Intentions Index January 2023

The CommBank Household Spending Intentions (HSI) index for January 2023 declined by a solid -6.9%/mth in original terms, following on from a small 0.3%/mth rise in December 2022. Stephen Halmarick, Chief Economist and Belinda Allen, Senior Economist discuss the details of the report, and also the outlook for consumer spending given the Reserve Bank of Australia’s hawkish rate hike in February. 

 

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