Economics
Australian Retail Sales Surge as Economy’s Recovery Builds
- Sales posted the biggest gain since November last year
- Clothing and dining out led the increases; food retailing fell
Shoppers at the Queen Victoria Village shopping area in Melbourne earlier in November.
Photographer: James Bugg/BloombergThis article is for subscribers only.
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.
Australian retailers recorded their best month of sales in nearly a year as consumers splashed out on everything from dining out to clothing, taking advantage of the easing of protracted lockdowns and building momentum in the economy for the final quarter.