5. We are consistent in our spending choices
When it comes to what Australians spend money on, we are a fairly consistent bunch.
NAB splits the categories up thus: sector one – online auctions, department stores, fashion, cosmetics and variety stores; sector two – home, furniture, appliances and electronics; sector three – recreation, toys, games and hobbies, music, movies and books; and sector four – groceries, liquor and specialised food.
Growth rates for all of these categories have been consistent, apart from household goods and electronics. Demographically, those aged under 30 have a larger than average spending in categories one and three, with older people more likely to buy groceries and alcohol online.
Online index by category
Source: NAB
Online index growth by category (%, yoy)
Source: NAB