Economic Buzz: Australia consumer spending rebounds +0.3% in January

Australian household spending rose 0.3% m/m in January 2026, snapping a revised 0.5% fall in December and pointing to a modest start-year recovery. Gains were driven by services, with miscellaneous goods and services up 2.5% and health higher by 1.7%, while transport, clothing and food posted marginal increases. On a yearly basis, spending growth slowed to 4.6%, the weakest pace since late May, suggesting consumer momentum is easing despite the monthly rebound.

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