Household spending on clothing and footwear grew by 26.3 per cent over August 2019 estimates.
Australia’s clothing and footwear sector witnessed the strongest year-on-year (YoY) rise in household spending in August this year—up by 75.8 per cent, according to figures released by Australian Bureau of Statistics (ABS). Overall household spending continued to rise in August, increasing by 29 per cent compared to the same month last year.
Household spending in the month increased YoY for both services (45.3 per cent) and goods (15.3 per cent).
Compared to pre-pandemic August 2019 estimates, total household spending was 15.8 per cent higher in current price, under calendar-adjusted terms.
The same for tourism and hotels, cafes and restaurants was up by 64.8 per cent YoY in the month, and for transport, it was up by 57.8 per cent.
August saw the 18th consecutive month of increases through the year in total household spending, with increases in all spending categories, ABS head of macroeconomic statistics Jacqui Vitas said.
“There were strong increases following COVID-19 Delta lockdowns that reduced spending last year,” she said.
Fibre2Fashion News Desk (DS)
