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Australia Retail January 2024

Australia: Retail sales gain steam in January

Retail sales expanded 1.1% month-on-month in seasonally adjusted terms in January (December: -2.1% mom). January’s rise was partly due to a notable rebound in household goods sales. In addition, clothing and footwear sales rebounded. Lastly, department stores sales gained pace, while cafes, restaurants and takeaway food services sales gained pace.

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