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Australia Retail September 2023

Australia: Retail sales growth improves in September

Retail sales rose 0.9% in month-on-month seasonally-adjusted terms in September, which was above August’s 0.3% increase. September’s print marked the best reading since January. The figure was largely driven by a notable rebound in household goods sales. In contrast, clothing and footwear sales decelerated. Lastly, department stores sales accelerated, while cafes, restaurants and takeaway food services sales lost traction.

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