Quarterly retail sales figures released yesterday by the ABS will boost September quarter GDP when the national accounts are released early next month.
In quarterly real chain volume terms, retail sales surged by 6.5% in the September quarter, rebounding from the September quarter’s 3.5% decline:
This rebound pushed annual sales volumes growth into positive territory, rising to 4.2% from -2.1% in the June quarter, and in the process officially ended the retail recession:
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