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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia Household Spending MoM fell to -1.1% in April 2026
FMPMonthlyReleased May 2026
Australia Household Spending MoM fell to -1.1% in April 2026, released May 2026, down 2.7% from March's 1.6% reading. The reading missed the -0.6% consensus by 0.5%. The print is running well below the 12-month average of 0.54%. Over the past 3 months, Household Spending MoM averaged 0.73%, vs 0.63% in the prior 3-month window. Household Spending MoM is now the lowest in 9 months.
Latest Release
-1.1
Actual
-0.6
Consensus
1.6
Previous
Median Absolute Error
±0.2 percentage points
across last 9 releases
Last Call
May 2026
Predicted: -0.7
Actual: -1.1
Error: +0.4
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| AUD/USD | ▼ Inverse | −0.35 | FOREX | Bearish AUD | → View |
| XAU/USD | ▼ Inverse | −0.29 | COMMODITIES | Bearish XAU | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Household Spending MoM (Australia) was reported at -1.1% in May 2026. This missed the market consensus of -0.6% by 0.5%. The reading fell from the previous value of 1.6%. Trailing 12-month context per ETL data through May 2026. Over the past 12 months, the indicator has averaged 0.27%, ranging from -1.1% to 1.3% across 9 releases.
WHY IT MATTERS
The trailing three releases averaged -0.4%, down from the prior three at 0.83%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with AUD/USD (Bearish AUD). Over the last 9 releases, the Sigmacast model's median absolute error is 0.2%.
WHAT TO WATCH NEXT
The next release is scheduled for June 25, 2026. Same-country events in the next 14 days include Interest Rate Decision (Jun 16) and RBA Rate Statement (Jun 16).
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
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Household Spending MoM - AU
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About Household Spending MoM — Australia
DEFINITION
Household Spending MoM (Month-over-Month) is a key financial indicator that measures the change in consumer spending on goods and services within a specific time period. It provides valuable insights into the overall health of the economy and consumer confidence. This indicator is closely monitored by economists, policymakers, and businesses as it can impact inflation, GDP growth, and consumer behavior. A positive change in Household Spending MoM indicates an increase in consumer spending, which can stimulate economic growth, while a negative change may signal a decline in consumer confidence and potential economic slowdown.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2026): actual -1.1 %, consensus -0.6 %. Prior reading (Mar 2026): 1.6 %. Before that (Feb 2026): 0.3 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection.