Retail spending slips in December following heavy | Australian Markets
Australian retail gross sales have slipped in December following robust growth within the earlier months as a consequence of heavy discounting from retailers.
Retail turnover fell 0.1 per cent in December, in line with contemporary Australian Bureau of Statistics knowledge on Monday, beating forecasts of a 0.7 per cent drop.
It adopted two months of growth, with gross sales up 0.7 per cent and 0.5 per cent in November and October, respectively.
Yr-on-year, retail gross sales rose 4.6 per cent.
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