Consumer spending comprises nearly 60% of the expenditure measure of GDP in Australia. Our proprietary tracking surveys have been conducted since 2003 and provide information about consumer spending which adds to the explanatory power of official data.
The key measure is Willingness to Spend, which is based on how a discretionary $1,000 would be allocated between saving, spending, and loan repayment. This psychological measure is a leading indicator for some categories of spending.
Other components include priorities for saving, the proportion of people who feel they have money left over after meeting commitments, house price expectations, interest rate expectations, and interest rate preferences.