Tag: Australia Retail Sales Show Moderate Growth in 1.1% January

Australia Retail Sales Show Moderate Growth in 1.1% January In January, Australia witnessed a modest uptick in retail sales, with the total value increasing by 1.1 percent on a seasonally adjusted basis, according to data released by the Australian Bureau of Statistics. The total retail sales for the month amounted to A$35.723 billion, indicating a rebound from the 2.7 percent contraction observed in December. However, the growth fell short of market expectations, which had anticipated a larger increase of 1.6 percent. Read: Sofia Exhibition Spotlights Collaboration Between Bulgarian and Hungarian Textile Artists Breaking down the data, various sectors within the retail industry showed mixed performance. Sales of household goods recorded a notable increase of 2.3 percent, signaling ...