Business
Retail sales surged again in July, despite Victoria drag – The Australian Financial Review
Retail sales continued their strong recovery in July, despite Victorian lockdowns.
The figures show that turnover continued to increase in clothing, footwear and personal accessory retailing, and cafes, restaurants and takeaway food services. Retail sales bounced 16.9 per cent in May after having fallen 17.7 per cent in April. They again climbed 2.7 per cent in June.
The continued rise in sales reflects the billions of dollars of government stimulus working their way into the economy.
So far the government has spent $41.8 billion in JobKeeper payments, and has also disbursed…
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