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Retail’s continued growth “doesn’t paint the full picture”

Retail turnover rose 10.7 per cent in January compared to the prior year, according to the Australian Bureau of Statistics. Seasonally adjusted, that figure dropped to just 0.6 per cent. All states saw increased in sales during the month save for Queensland, which suffered a three-day lockdown that impacted retail trade. The result follows on from December, which saw sales grow 9.6 per cent to $30.4 billion. “Retailers had a really strong finish to the year and now that’s continued through t

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  • Unlimited access to news,insights and opinions
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