Australia's retails spending recovers in February

(MENAFN) According to newly released official data, Australia's retail recovery witnessed a strong pace in February, with sales rising by 0.7 percent in the month, Xinhua reported.

The Australian Bureau of Statistics said local people spent more than USD18.27 billion in the month. The figure was stronger than economists' expectations of a 0.4 percent increase.

Retail spending continues to get stronger in Australia with a 0.1 percent surge registered in November, a 0.2 percent jump logged in December and 0.5 percent in January.


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.