Australian Retail Sales Improve

20 February 2009

SYDNEY: Retail sales in Australia rose by just under 1% in the final quarter of last year to A$53.5 billion ($34.6bn; €17.6bn; £15.6bn), a result partly attributed to the government's A$10bn financial stimulus package.

The Australian Bureau of Statistics estimates retailers account for some 25% of the Australian economy, and suggests retail growth in the sector could add 0.2% to economic growth for the quarter.

Food retailers figures rose by 1.8% and department stores' sales rose by 0.3%; by contrast, clothing and "soft good" retailing was down by 0.2%, and sales in the household goods category fell 0.7%.

Data sourced from Wall Street Journal; additional content by WARC staff