The Australian Bureau of Statistics (ABS) has released retail sales data for January, with sales turnover rising 0.5% month-on-month to be up 10.6% compared with January 2020.
The next chart shows the strong rebound after April’s record 17.7% monthly decline caused by the national coronavirus lockdown:
Retail sales have rebounded strongly after declining sharply in April 2020 amid the national coronavirus lockdown.
