Economic Buzz: Australia Retail Sales Down 4.4% On Month In December

1 Feb 2022 , 09:58 AM

Australia retail sales was down a seasonally adjusted 4.4 percent on month in December, the Australian Bureau of Statistics said on Tuesday, coming in at A$31.926 billion, following the 7.3 percent jump in November. Individually, food retailing rose 2.2 percent on month, while household goods gained 9.2 percent, department store sales tumbled 21.3 percent and food services fell 0.7 percent. On a yearly basis, retail sales were up 4.8 percent.

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