Visa Spending Momentum Index


Latest Release

23 November, 2023 - The Visa Australia Spending Momentum Index (SMI) dropped by 1.4 points to 91.9 in October as consumers continued to respond to rising fuel costs, sticky inflation and high interest rates. Fifty-one percent of Australian cardholders reduced their spend last month compared to a year ago—the highest share recorded this year, according to the SMI.
Group meeting