General
Australian retail sales jump, with Victorians spending more as coronavirus restrictions ease
Australia’s economy is showing further signs of recovery as consumers, especially pandemic-weary Victorians, start spending their lockdown savings.
Key points:
- Sales in Victoria jumped 5.1 per cent, far higher than any other state and territory
- Retail trade fell in Queensland, Tasmania, the NT and ACT
- Cafes, restaurants, department stores, clothing, footwear and personal accessories recorded the biggest increase in sales
Bureau of Statistics (ABS) retail figures showed sales lifted sharply to $29.6 billion in October, up 1.4 per cent compared to the previous month.
The figures also revealed that October sales had surged (+7.1pc) over the previous 12 months.
The ABS said the result was driven by Victoria’s “reopening of physical stores”, as…
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