NSW reopening boosts October retail spending

26 November 2021

 

Summary: Retail sales up 4.9% in October, greater than 2.5% expected; up 5.2% on annual basis; increase led by NSW sales, up 13.3%; largest influence on month from clothing. Growth figures of domestic retail sales have been declining since 2014 and they reached a low-point in September 2017 when they registered an annual growth rate of just 1.5%. They then began increasing for about a year, only to stabilise at...

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