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    HomeLive CommentsAustralia retail sales rises 0.3% mom, driving by food-related spending

    Australia retail sales rises 0.3% mom, driving by food-related spending

    ActionForex
    By ActionForex

    Australia’s retail sales turnover rose 0.3% mom to AUD 37.08B in January, matched expectations.

    Robert Ewing, ABS head of business statistics, said: “While the pick-up in retail spending since mid-2024 has been boosted by more discretionary spending, this month’s rise is mostly driven by food-related spending.”

    Full Australia retail sales release here.

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