The Australian Bureau of
Statistics has reported that Australian retail turnover rose 1.2% in January
2014 compared to January 2013. This followed 5.7% year on year growth to
December.
Department stores scored well
in January with 2.6% sales growth while restaurants and cafes also performed
well. National Retail Association CEO, Trevor Evans,
warned that while the overall results were encouraging, growth remained fragile
with large variations in the performance of various sectors.
Some
commentators have suggested that the Federal Governments, Schoolkids Bonus may
have assisted results.
