04/08/2026 02:49 pm MYT
In Jun, on a month-on-month basis, seasonally adjusted household spending rose by 0.8%, slowing from a 1.2% gain in May to A$81.28 bln. The slowdown was mainly driven by weaker spending on food (+0.3%) and furnishings (+0.6%), while spending on clothing and footwear (-0.7%), hotels, cafes and restaurants (-0.1%), and miscellaneous goods and services (-0.6%) declined.
Year-on-year, seasonally adjusted household spending increased by 6.0% (figure 1), with spending on goods and services rising by 5.9% and 5.1%, respectively.

Note from Publisher
This week, prime minister Anwar announced that the Malaysian government will subsidize artificial intelligence (AI) software subscriptions for students. Up to 100,000 Malaysian youths will receive free subscriptions to leading AI software for three months. The aim is to provide practical, hands-on experience, enabling students to develop critical skills in areas such as coding and AI engineering. This is part of the government’s efforts to make Malaysia a regional AI hub by 2030.
However, subsidizing AI tools is only a tiny step. A nation's ability to adopt, develop, and scale AI will increasingly determine its economic competitiveness and attractiveness to investors. Malaysia, like many developing countries, is lagging in the adoption of AI.
To build strong AI capabilities, Malaysia must invest in high-quality STEM education, world-class research universities, accessible investment capital, robust digital infrastructure, and a stable legal and regulatory framework. Equally important is fostering close collaboration among government, academia, and industry to accelerate AI innovation and adoption. Achieving these goals requires sustained commitment, strategic investment, a clear long-term vision, and a well-defined national roadmap. Building a competitive AI ecosystem is a marathon, not a sprint, and success will depend on consistent execution over many years.
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