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Australia's retail boom sputters - MacroBusiness


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Via Westpac credit card tracker:
― The Westpac Card Tracker Index fell 4.1pts to 98.8 over the week ended Apr 4 – the first sub-100 national read in just over six months. While this adds to accumulating evidence of a moderation in consumer demand, the latest figures should be treated with extra caution due to shifts in the timing of Easter public holidays, which may account for the bulk of the weekly decline. The latest Index read implies annual growth in card activity is running 1.2ppts below its pre-COVID pace (see p7 for more details on how the index is constructed). ....

Via Westpac , Westpac Card Tracker Index , வழியாக வெஸ்ட்பேக் , வெஸ்ட்பேக் அட்டை டிராக்கர் குறியீட்டு ,

UPDATE 1-Australia shoppers pull back in December, outlook still strong


Annual retail turnover still up 9.4%
Australian banks card spending data point to pick up in January
Retail sales seen contributing to Dec qtr GDP growth- economists (Adds economist comment, A$ reax)
SYDNEY, Jan 22 (Reuters) - Australian retailers suffered their biggest sales drop in eight months in December, recoiling after consumers brought forward their Christmas shopping although timely card spending data by banks point to a rebound in the New Year.
The 4.2% month-on-month drop in sales was spread across five of the six retail categories, led by household goods, department stores and clothing, the Australian Bureau of Statistics (ABS) reported on Friday. ....

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