Retail sales recover but still “weak”

05 December 2017

 

Australians appear to have gone on a food binge according to the latest retail sales figures for October. Increased spending on food in cafes and restaurants, as well as food items purchased from supermarkets, grocery stores and convenience stores, accounted for around three-quarters of the overall increase in total retail sales during the month. Total retail sales (seasonally adjusted) increased by 0.5% in October, after rising by 0.1% (revised up...

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