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The retail recovery is back on track, with a new record set for sales in March. This month has seen an increase of 1.6 percent, which is the highest increase since November 2021.
Household spending has emerged from the darkness, lifting 7.7 percent in February 2022, according to the ABS.
Retail sales from ABS have increased slightly in May, with mixed results across each state and territory due to pandemic lockdowns.
Australian retail turnover may have dipped in December 2020, but the industry is heads and shoulders above the same period in 2019. What do these figures indicate about the future of retail in Australia?
Victorian retail store openings have driven the increase of retail sales volumes, which rose 2.5 percent in December, according to the Australian Bureau of Statistics.
Preliminary December retail turnover figures have shown a 4.2 percent fall, seasonally adjusted, the Australian Bureau of Statistics has reported.
Retail turnover has risen by 1.4 percent in October, the Australian Bureau of Statistics has reported. This follows a fall of 1.1 percent in September.
Preliminary retail turnover has increased by 1.6 percent in October, the Australian Bureau of Statistics has reported.