NAB data shows Australians are still spending on cafés, restaurants and pubs while businesses compete for more selective spending.
NAB Consumer Spend Trend January 2026 - NAB
17 February 2026
Consumer Spending Economy and Markets
Consumer behaviour insights
NAB’s Consumer Spend Trend report reveals how Australians are navigating the economic landscape, with fresh insights into where, how and what households are spending. Based on aggregated transaction data, the report tracks shifts in consumer behaviour across states, industries and demographics.
Over the last month
- Consumer spending grew 0.5% after a slight decrease in December.
- January’s solid rise comes on the back of a very strong quarter for spending in the three months to December.
- Goods spending increased 0.3% mom, with the strongest growth in personal goods spending. This was partially offset by a 2% decrease in fuel spending.
- Services spending rose 0.7% with growth recorded in most categories.
- Consumers cut back on spending on travel and hospitality in January.
Over the last year
- Total spending grew 6.6% over the past year. Personal goods spending saw the largest increase among goods categories. Services spending growth was mainly driven by higher utilities costs following the end of energy bill rebates.
Click the link below to view the detailed report:
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