Australian data, March 2026 household spending
- +1.6% m/m (prior +0.3%)
- +0.7% q/q
- +6.3% y/y (prior +4.3%)
Spending jumped by the most in over two years in March. Transport costs soared due to much higher fuel prices,
Still to come, due 2.30pm Sydney time (0430 GMT/ 0030 US Eastern time):
- CBA tips RBA rate hike tomorrow but warns Iran war makes it a close call. Split RBA board
- May meeting, RBA set for third straight hike as Hormuz closure drives inflation surge
- Newsquawk Week Ahead: US NFP, ISM Services PMI, RBA, Canadian jobs and OPEC+
Governor Bullock will speak an hour later
This article was written by Eamonn Sheridan at investinglive.com.
