SYDNEY (REUTERS)- Australian retail sales saw a record surge in May, official data showed on Friday (July 3), as a wide scale easing in coronavirus lockdowns allowed entire sectors to reopen, enabling a recovery from an historic plunge in April.. Read more at straitstimes.com.
SYDNEY - Australian retail sales saw a record surge in May, official data showed on Friday , as a wide scale easing in coronavirus lockdowns allowed entire sectors to reopen, enabling a recovery from an historic plunge in April.
Retail sales jumped a seasonally adjusted 16.9 per cent in May, from April when it tumbled 17.7 per cent. Sales were also up over 5 per cent on May last year at A$28.97 billion , according to the Australian Bureau of Statistics . Also in May, there was a massive month-on-month increase of 129.2 per cent in clothing, footwear and personal accessory retailing. Cafes, restaurants and takeaway food services saw a surge of 30.3 per cent, with both sectors coming off very low levels of trade in April.
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