Advertisement
The Australian Bureau of Statistics (ABS) has released retail sales data for September, with total sales lifting 0.6% over the month to be 17.9% higher year-on-year:
The growth in sales was driven by strong growth in clothing, footwear and personal accessory retailing (+2.0%), cafes, restaurants and takeaway (+1.3%), and food retailing (+1.0%):
Advertisement
The ABS noted that monthly sales were boosted by the National Day of Mourning public holiday, which “boosted spending on food, alcohol and dining out”.
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.