Australian household spending increased 0.2% MoM and 3.3% YoY in February, mostly unchanged from the 3.2% YoY increase in January.

• Goods spending increased 0.3% MoM and 1.7% YoY, and services spending was unchanged monthly but still up 5.2% YoY.
• Discretionary spending increased 0.3% MoM and 2.7% YoY, and non-discretionary spending fell -0.1% MoM but was still up 4.4% YoY.
• The largest increases in spending were in the following categories: recreation and culture (+0.9% MoM), food (+0.6% MoM), and hotels, cafes and restaurants (+0.5% MoM).