Retail turnover falls after Christmas shopping spr

2022-04-05
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Retail turnover falls after Christmas shopping spree - Today News Post News Today || Headlines Today

Shoppers tightened their purse strings in December after easing restrictions and online sales events encouraged them to spend big the month beforeabstractVisible.

Preliminary retail figures released by the Australian Bureau of Statistics shows turnover in December was up 9.4 per cent year on year but down 4.2 per cent over the month.

The monthly fall was larger than market expectations but aligns with the recent shift towards doing most of our Christmas shopping in November rather than Decembert take a break either,.

The trend was accentuated this year as December sales were also weighed down by localised lockdowns in Sydney and an exhaustion of pent-up demand in Victoria975,373 people or 2.6 per cent o, which in November reported a 22.4 per cent lift in turnover as restrictions eased.

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