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Australia Retail April 2024

Australia: Retail sales rebound in April

Retail sales bounced back in April, expanding 0.1% month-on-month in seasonally adjusted terms (March: -0.4% mom). Looking at the details of the release, the turnaround primarily reflected rebounds in department store sales, and cafes, restaurants and takeaway food services. Moreover, household goods sales decreased at a softer rate. That said, food retailing swung into contraction in the month, limiting the improvement.

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