Latest News

Australia Retail Sales Growth Accelerates In February

0

Read more

Australia retail sales grew at a faster pace in February, the Australian Bureau of Statistics said on Monday.

Retail sales advanced 1.8 percent in February from January, when turnover was up 1.6 percent. This was the second consecutive rise in sales.

On a yearly basis, retail sales growth improved to 9.1 percent from 6.3 percent in January.

The monthly growth was largely driven by sales of clothing, footwear and personal accessory, which grew 11.2 percent and department store sales moved up 11.1 percent. Household goods retailing grew 2.3 percent.

Meanwhile, food retailing dropped 2.6 percent and other retailing was down 1.1 percent, data showed.

*Australia Mar ANZ Job Ads Up 0.4% On Month Vs. +10.9% In February

Previous article

Morgan Stanley Says ‘Bear Market Rally’ Is Now Over

Next article

You may also like

Comments

Leave a reply

Your email address will not be published.

More in Latest News