Poor department store sales meant retail trade had a "weak bounce" of just 0.1 per cent in January in seasonally adjusted terms, a result that failed to meet economists' expectations of a 0.3 per cent rise.
A 2.1 per cent fall in department store sales offset gains in food retailing and hospitality, the Australian Bureau of Statistics said. Overall sales totalled $27.02 billion. All figures are seasonally adjusted. .
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Tim Boyd is a journalist, based in Sydney, who writes for the Street Talk column. Connect with Tim on Twitter. Email Tim at tim.boyd@afr.com
Matthew Cranston was The Australian Financial Review’s United States correspondent
