Australia: Retail sales rebound in January
Nominal retail sales in January increased 0.6% over the previous month in seasonally-adjusted terms, swinging from December’s 4.1% slump, according to preliminary figures.
A healthy increases in food retailing led the rises, while declines were recorded in clothing, footwear and personal accessory retailing, household goods retailing, and department stores—which were negatively affected by a three day lockdown in Brisbane.