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Australia Retail Sales Surge 7 0% In November

Australia Retail Sales Surge 7.0% In November The total value of retail sales in Australia spiked a seasonally adjusted 7.0 percent on month in November, the Australian Bureau of Statistics said on Tuesday – coming in at A$31.623 billion. That blew away expectations for a decline of 0.6 percent following the 1.4 percent increase in October. By industry, Household goods led the rises (13 percent), impacted by a full month of trade in Victorian stores, a successful Black Friday sales period, and new product releases in the Electrical and electronic goods subgroup. Monthly rises were also significant in Clothing, footwear and personal accessory retailing, Department stores, Other retailing, and Cafes, restaurants and takeaway food services.

Australian, NZ Dollars Fall On New Virus Variant Concerns

Australian, NZ Dollars Fall On New Virus Variant Concerns CANBERA (dpa-AFX) - The Australian and NZ dollars weakened against their major counterparts in the Asian session on Tuesday, as the strict lockdown measures and travel restrictions to stop the spread of new strain of Covid-19 dampened hopes of a global economic recovery. Several countries had announced travel bans to the U.K. due to fears about the virus variant. Oil prices dropped on fears that the new virus variant crisis could slow recovery in fuel demand. The approval of a $900 billion relief package by U.S. Congressional leaders on Monday helped limit the downside.

Australian flu deaths plunge by 36 per cent in 2020 compared with the four-year average

Australia flu deaths in 2020 have plunged by more than a third as a result of coronavirus social distancing measures. Between January 1 and October 27 of this year, 1,846 people died of either influenza or pneumonia, new Australian Bureau of Statistics data showed. This marked a 36 per cent plunge from the 2,885 deaths of the same underlying cause when weekly disease fatalities were added up. The plunge in flu deaths was even more dramatic than the 18 per cent plummet in respiratory illnesses, a broader category which includes influenza, pneumonia, emphysema and chronic bronchitis but not COVID-19. Australia flu deaths in 2020 have plunged by more than a third as a result of coronavirus social distancing measures. Pictured is a stock image

Australia s Nov retail sales surge: ABS preliminary data

Australia s Nov retail sales surge: ABS preliminary data
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