Retail sales beat expectations in October

 In Australia, NewZealand
Australians continued to spend more on household items, electronics, clothing and footwear in October, although the rate of growth across all retail categories slowed to 0.4 per cent from an unusually high 1.3 per cent in September.
The Australian Bureau of Statistics said on Thursday that its monthly estimates of retail sales showed a 1.4 per cent jump in turnover on household goods such as furniture and appliances, and a 1.1 per cent rise in spending on clothing, footwear and personal accessories. Across all categories, the month-on-month increase was 0.4 per cent, which equates to 5.7 per cent for the 12 months to the end of October.  Sydney Morning Herald – Read more…

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