Australian Household Spending in October 2025 +1.3% m/m
- expected +0.6%, prior +0.3%
+5.6% y/y
- expected +4.6%, prior +5.1%
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Trade Balance in October 2025 AUD4385mn
- expected 4219mn, prior 3938mn
Imports +2.0% m/m
- prior +1.8%
- non monetary gold jumped
Exports +3.4% m/m
- prior +7.6%
- iron ore exports lifted, accounted for 2.3%
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That jump for household spending is another reason not to expect any Reserve Bank of Australia interest rate cuts any time soon. AUD/USD had been rising prior to the data release and its holding at sesssion highs above 0.6605.
For those looking beyond the headline, the Australian Bureau of Statistics have this nuggert:
- retailers had to offer discounts to get traffic in
- "promotional events saw households spend more on clothing, footwear, furnishings and electronics following months of weaker spending in these categories"
