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Australia Retail November 2023

Australia: Retail sales grow at fastest pace since November 2021 in November

Retail sales grew 2.0% month-on-month in seasonally adjusted terms in November (October: -0.4% mom). The print marked the best reading since November 2021. The notable pickup was largely driven by a notable rebound in household goods sales. In addition, clothing and footwear sales bounced back. Lastly, department stores sales rose at a stronger rate, while cafes, restaurants and takeaway food services sales gained steam.

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