5.5 million Australians buying Father's Day gifts, but spending $10 less each

Expected spending reaches around $730 million, up 1.4% from last year, but average spend per shopper falls to $135 from $145.

Why it mattersMore Australians are shopping for Father's Day gifts this year, but spending less each. This reflects continued pressure on household budgets, as consumers are careful about spending even for special occasions.

AustraliaAustralian retailers depend on Father's Day sales to boost September trade, and the mixed signals-more shoppers but lower spend-suggest cautious consumer confidence across the country.

✓ Claims checked against the source and corrected before publish. checked 6 d ago