Australia retail sales grew 7.1% mom in November, revised up from preliminary result of 7.0% mom, followed 1.4% mom rise in October. Ben James, Director of Quarterly Economy Wide Surveys, said: “The rise is led by Victoria (22.4%) as Melbourne retail stores were able to trade for a full month in November. Excluding Victoria, turnover rose 2.6%.”
Other states and territories to record an increase in turnover were Queensland (4.5%), New South Wales (2.3%), Western Australia (1.2%), Tasmania (3.4%), the Australian Capital Territory (2.5%), and the Northern Territory (2.2 per cent). The brief lockdown in South Australia (-0.2%) led to a relatively flat result, as falls in most industries were offset by a rise in food sales.
