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

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.