You are here

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

Household consumption stays sluggish amid record-low wages growth

BT_20170307_NAHRETAIL7_2777649.jpg
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

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom