Australia’s retail sales grew in January after falling in the previous month, preliminary data from the Australian Bureau of Statistics showed on Friday.
Retail turnover increased 0.6 percent month-on-month in January, after a 4.1 percent decline in December. Economists had forecast a 4.2 percent fall.
There were declines in turnover in food retailing, household goods retailing, clothing, footwear and personal accessory retailing, and department stores in January.
On a yearly basis, retail sales surged 10.7 percent in January, following a 9.6 percent growth in the previous month.