Retail sales grow in February

 In Australia, NewZealand

Retail sales rose as expected in February but the sluggish growth suggests another tough year for the sector, analysts say.

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Retail sales grew by 0.2 per cent in February following a 0.3 per cent rise in January, according to the Australian Bureau of Statistics.

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The ABS says retail trade rose in the month to a seasonally adjusted $20.988 billion, compared to a downwardly revised $20.954 billion in January. Sydney Morning Herald – Read more…

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