Retail spending growth beats expectations

December 05, 2017

Shoppers have driven retail spending growth to a five-month high.

Retail spending rose 0.5 per cent in October, beating market expectations of a 0.3 per cent increase.

Seasonally adjusted retail spending totalled $26.05 billion in the month, according to the Australian Bureau of Statistics.

Household goods retailing rose 0.1 per cent, clothing, footwear and personal accessory sales rose 1.0 per cent, while department store sales were up 0.5 per cent.

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