SYDNEY -Australian retail gross sales posted one other strong enhance in September because of spending on meals, clothes and consuming out with consumption staying surprisingly resilient within the face of surging inflation and better rates of interest.
Data from the Australian Bureau of Statistics (ABS) on Monday confirmed retail gross sales rose 0.6 p.c in September from August to a document A$35.1 billion ($22.48 billion).
That was lifeless in step with market forecasts and left gross sales up an enormous 17.9 p.c on September final 12 months when pandemic restrictions made buying troublesome, no less than at bodily shops.
“Many retailers remained open for the National Day of Mourning, an extra one-off public holi…
Keep on studying: Australia retail gross sales up once more in Sept as spending stays resilient