Australia retail sales surge has sting in the tail as prices jump

  • 📰 staronline
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 75%

Malaysia Headlines News

Malaysia Latest News,Malaysia Headlines

The numbers for March seemed unbelievably strong with sales climbing 8.5% from February.

In any case, sales likely dived in April as strict social distancing rules and the closure of many businesses hammered spending on everything from eating out to fashion retailing.

Household goods also boomed as Australians bought all the gear needed to work from home for the first time. The net result was that total sales hit an all-time high of A$30.1 billion in March, a whopping rise of A$2.3 billion from the previous month. In all prices jumped 1.9% in the quarter for the steepest increase since the introduction of a sales tax in 2000.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in MY

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

More cars on roads, but generally a quiet affair on first day of CMCO | The Malaysian InsightCustomers are also not having meals at restaurants despite the fact that dine-ins are now allowed. Bagus la
Source: msianinsight - 🏆 8. / 63 Read more »

Chile orders fresh quarantine after virus cases spike | The Malaysian InsightSurge in infections follows criticism of reopening of some commercial streets in Santiago.
Source: msianinsight - 🏆 8. / 63 Read more »

US govt projects virus deaths to soar in MayDocument predicts cases will surge to 200,000 per day by June 1. FMTNews Covid19US
Source: fmtoday - 🏆 5. / 72 Read more »

Chaos outside liquor stores as India eases lockdown | The Malaysian InsightA 70% ‘corona fee’ will be imposed on alcohol sales to boost govt revenue. And they say they are stereotyped.
Source: msianinsight - 🏆 8. / 63 Read more »

Restaurants in FT red, yellow zones advised against dine-ins | The Malaysian InsightOpen markets and food hawkers are not allowed in certain areas. Now I say after they sent their workers on Sunday not Monday (4th) to clean up.
Source: msianinsight - 🏆 8. / 63 Read more »

CMCO: Sports activities, dine-ins not allowed in Melaka, says CM | Malay MailMELAKA, May 4 — The Melaka government is not allowing any sports activities to take place and restaurants to cater to dine-in customers during the conditional movement control order (CMCO), which came into effect today. Chief Minister Datuk Sulaiman Md Ali said that only the manufacturing...
Source: malaymail - 🏆 1. / 86 Read more »