ANZ News: Australian retail sales jump in Feb, augur well for Q1 growth - 29th Mar 2022, 12:27pm

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By Wayne Cole

SYDNEY (Reuters) - Australian retail sales beat forecasts again in February as shoppers defied storms and coronavirus waves to return to cafes and department stores for the second-best month ever of spending.

Data from the Australian Bureau of Statistics out on Tuesday showed retail sales climbed 1.8% in February from the previous month to A$33.1 billion ($24.76 billion), handily beating forecasts of a 1.0% gain.

That left sales up a huge 9.1% on February last year and followed ...

>>> Read more: Australian retail sales jump in Feb, augur well for Q1 growth
 
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