Visa Spending Momentum Index


Important note: We will transition to a quarterly AP SMI publication starting in July. Accordingly, the last Australia monthly publication will be in June. The monthly Australia SMI data can still be accessed as part of the latest global SMI data appendix: Spending Momentum Index | Visa

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Australia


Latest Release

19 June 2025 - The Visa Australia Spending Momentum Index (SMI) dropped 2.9 points in May to a still-strong 103.5. Despite the slight moderation, all states and territories remained above the expansionary 100 mark, with the Australian Capital Territory leading with 104.7.
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