Household final consumption expenditure is the net expenditure on goods and services by persons and expenditure by private non-profit institutions serving households. This item includes: personal expenditure on motor vehicles and other durable goods; the imputed rent of owner-occupied dwellings; the value of 'backyard' production (including food produced and consumed on farms); and the payment of wages and salaries in kind.
A higher than expected figure should be seen as positive (bullish) for the AUD while a lower than expected figure should be seen as negative (bearish) for the AUD.