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Australia's retail sales enjoy bounce, but consumers not rushing to spend

Household consumption stays sluggish amid record-low wages growth
Tuesday, March 7, 2017 - 05:50

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Sales of clothing, footwear and personal accessories dipped 0.4 per cent, likely in part due to falling prices amid intense competition, while department stores suffered a 0.5 per cent fall.

Sydney

AUSTRALIAN retail sales rebounded in January after two months of tepid outcomes, although the underlying pulse was one of sluggish household consumption as record-low wages growth eats into spending power.

Data from the Australian Bureau of Statistics out on Monday showed

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