NAB’s October Consumer Spend Trend report shows consumer spending kicked off Q4 strongly, rising 0.7% in October with gains across discretionary categories and utilities as energy rebates ended.
17.12.2025
The NAB Spend Trend has shown consumer spending continued its steady climb in November, rising 0.6% as Black Friday sales buoyed household goods and strong demand for travel and hospitality led growth across services.
The NAB Consumer Spend Trend is a new report from NAB Economics and uses the bank's electronic transaction data to paint a complete picture of household spending in Australia across a number of expenditure categories. Spending data is also analysed by geography, age, income and by borrower status (mortgage or no mortgage).
Consumer spending over the last month
- Consumer spending rose 0.6% in November, marking a year of uninterrupted monthly growth.
- Household goods spending grew 1.4% as consumers responded to Black Friday sales while personal goods spending was flat after last month’s robust gains.
- Spending on hotels, travel & transport increased 2.2% in the month, leading the growth in services spending.
Over the last year
- Total consumer spending rose 1.7% in 3-month average terms and 8.2% over the 12 months to November.
- Goods spending rose 5.8%, with strong gains in household and personal goods spending.
- Services spending increased 10.7%, led by utilities and experience-based spending including travel and recreation.
Spendng by region
- Spending grew across all states and territories in November with TAS (2.1%), WA (1.5%) and NT (1.1%) leading the growth.
- Hotels, travel & transport spending led the growth in NSW, VIC and SA while household services spending led the growth in other states and territories.
- Over the past year, NT (10.7%), WA (9.8%) and QLD (8.9%) have led the national spending growth while VIC (6.6%) and ACT (6.5%) have experienced the slowest annual growth rate in spending.
- Over the year to November, spending on utilities & telecoms and household services experienced the strongest gains across most states and territories.
- Notably, spending growth in NT and TAS was led by growth in hotels, travel & transport spending and recreation & personal services spending, respectively.
Topics
Economy
For more detail, read the full report.
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