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Financial News: Australia Retail Sales Rise In January

Australia Retail Sales Rise In January

02/19/2021 - 06:42:00 (RTTNews)

(RTTNews) - Australia's retail sales grew in January after falling in the previous month, preliminary data from the Australian Bureau of Statistics showed on Friday.

Retail turnover increased 0.6 percent month-on-month in January, after a 4.1 percent decline in December. Economists had forecast a 4.2 percent fall.

There were declines in turnover in food retailing, household goods retailing, clothing, footwear and personal accessory retailing, and department stores in January.

On a yearly basis, retail sales surged 10.7 percent in January, following a 9.6 percent growth in the previous month.

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