New figures released this morning show consumer spending increased across all major categories in the first quarter, with retail and online commerce leading the gains according to analysts.

Economists point to easing inflation and a stable employment market as the primary drivers of increased household expenditure. The data suggests a shift in sentiment not seen since early last year.

"The numbers are encouraging," said one industry observer. "We're seeing people willing to make purchases they had been deferring, particularly in discretionary categories."