November retail gross sales sign robust decisions for RBA


Retail gross sales are carefully monitored by policymakers as family consumption accounts for over half of Australia’s gross home product. 12 months-on-year, retail gross sales rose by 3% in November, surpassing the two.2% annual progress recorded the earlier 12 months. Positive aspects have been recorded throughout all main retail classes, with department shops main the way in which at 1.8%, adopted by clothes, meals, and equipment at 1.6%, and cafes, eating places, and takeaways at 1.5%.

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