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Australia Retail October 2023

Australia: Retail sales deteriorate in October

Retail sales decreased 0.2% month-on-month in seasonally adjusted terms in October (September: +0.9% mom). October’s downturn was largely due to drops in household goods and clothing and footwear sales. Lastly, department stores sales decreased at a sharper rate, while cafes, restaurants and takeaway food services sales dipped at a steeper pace than in September.

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