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Analysis: ABS retail trade figures reveal a bounce back, but will it continue?

For the first seven months of 2021, retail trade figures from the Australian Bureau of Statistics show the biggest percentage sales increase in 14 years: 6.7 per cent. You have to go back to 2007 to see a bigger improvement over the same seven-month period. This result came on top of an almost-as-strong gain of 5.1 per cent in January-July 2020 over the same period in 2019. The two-year stack, if you will, is a formidable 11.8 per cent gain across the industry. A potent combination of factors ha