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Slump in Australian Retail Sales in December Highlights Struggling Consumer

Por: MarketWatch Business January 30, 2024

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This retreat in sales followed a revised rise of 1.6% in November as consumers took advantage of Black Friday sales late in the month, the ABS said. The large fall in retail turnover in December was caused by a fall in discretionary spending, and comes despite a big jump in migration over the last year and the impact of rising prices on turnover numbers. Retail volumes are likely to have been close to flat in the quarter. The underlying trend in... + full article



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