BUSINESS
Retail sales in Australia reported а record growth in May - Economo
BUSINESS

Retail sales in Australia reported а record growth in May - Economo

Published: July 4, 2020  |  2 min read, 400 words
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Australian retail sales recorded a record jump in May, according to official data released on Friday. The large-scale easing of coronavirus blockades has allowed all sectors to reopen, allowing for a recovery from the historic decline in April.Retail sales rose 16.9% in May compared to 17.7% in April. Sales also increased by more than 5% on an annual basis, according to the data from the Australian Bureau of Statistics. This is the largest increase in the indicator for the 38-year history of keeping statistics on retail trade.Also in May, there was a huge increase of 129.2% in sales of... READ MORE
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