Retail spending lifts in October

Yolanda RedrupDecember 7, 2020

Australian retail turnover increased 0.5% in October, following a rise of 0.9% in September, according to the latest Australian Bureau of Statistics figures.

Turnover in the cafes, restaurants and takeaway food category recorded the biggest rise, jumping 1.2% for the month.

Food retailing in general increased 0.5%, while clothing, footwear and personal accessory retailing was also up 0.6%.

These gains were partially offset by a 0.3% fall in department store spending.

On a state basis, Tasmania and the Australian Capital Territory recorded the biggest gains, jumping 1.3% and 1.4% respectively.


This article first appeared on SmartCompany.

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