Sales soar: A pedestrian walks past a store in Sydney. Australia’s overall sales grew 13.3% in November from a year ago, the strongest result since July 2001. — Bloomberg
SYDNEY: Australian retail sales jumped 7.1% in November as shoppers were lured by pre-Christmas sales with the second-most populous state of Victoria emerging out of a lengthy lockdown in a positive omen for the country’s economy.
Data from the Australian Bureau of Statistics (ABS) showed retail sales in Victoria rose 22.4% from October as Melbourne retail stores were able to trade for a full month. Excluding Victoria, turnover rose 2.6%.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
