NAB sees Australia consumption growth slowing to 1.4% in 2026-27

Reuters2026/07/27 02:11

By:Reuters

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NAB flagged a “below trend” growth outlook for 2026-27, with unemployment projected to rise gradually.
Household spending may hold up near term as Q2 fuel-price pressure proved less severe than expected.
Consumption growth forecast at 1.4% year-on-year across 2026-27, constrained by slower real income gains, housing-market headwinds.
Fuel prices fell through Q2, then turned higher in recent weeks, reinforcing inflation risks.
Middle East conflict seen driving sustained uncertainty, higher inflation, slower growth, shifting from a spike risk to a protracted drag.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NAB - National Australia Bank Ltd. published the original content used to generate this news brief on July 24, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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NAB sees Australia consumption growth slowing to 1.4% in 2026-27

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