Economic Buzz: Australia Retail Sales Climb 1.8% On Month In January

28 Feb 2022 , 10:38 AM

Australia retail sales jumped a seasonally adjusted 1.8 percent on month in January, the Australian Bureau of Statistics said on Monday, standing at A$32.491 billion, following the 4.4 percent contraction in December. Food retailing had the largest rise in sales this month up 2.2 per cent which is the largest monthly rise since July 2021 with sales remaining elevated at their fourth highest level in the series.

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