News dalla rete ITA

15 Febbraio 2021

Australia

RETAIL SALES SHOW 2020 WAS A YEAR FOR THE BOTTLE

Australians spent a record $350 billion in retail purchases last year and the product that showed the biggest jump in spending was alcohol. Over the first year of the COVID-19 pandemic, consumers ramped-up their spending at liquor retailers by 26.5 per cent.Just on $15.6 billion was spent on alcohol, still less than was spent on make-up and toiletries such as toilet paper, which totalled more than $19 billion. “Overall, Australians spent more than ever before,” Commsec chief economist Craig James said. “Sales are up 6.2 per cent on a year ago and show the biggest calendar-year lift in a decade.”While many ended up in lockdown with their beer and chardonnay, consumers spent less on clothes, down 8 per cent on the 2019 spend, and 12 per cent less on newspapers and books.In December, retail sales dipped 4.1 per cent but that was largely because of a surge in November of 7 per cent when big discount sales such as “Black Friday” occurred.Westpac’s Matthew Hassan said the December decline had more to do with “Black Friday” and a post-COVID-19 restriction reopening catch-up in Victoria than the partial lockdown in Sydney late in the month.Over the December quarter, retail sales volumes rose 2.5 per cent in seasonally adjusted terms, according to the Australian Bureau of Statistics, and should reflect a welcome boost to the December quarter GDP figures to be released on March 5. “Overall, the December results confirm the consumer-led reopening rebound continued in the quarter. The better than expected gain and a 30 per cent surge in vehicle sales suggest some upside risk to our 5 per cent growth forecast for consumption in the December GDP national accounts,” Mr Hassan said. (ICE SYDNEY)


Fonte notizia: The Australian Financial Review 05.02.2021