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Retail spending recorded the strongest monthly increase in December since August 2000 exceeding even the most optimistic expectations of Kevin Rudd’s first stimulus package.
The Australian Retailers Association (ARA) said the result cemented the success of the government’s stimulus package and showed signs that consumer confidence was returning.
"The December retail figures are one giant leap of growth for retailers; one small step towards economic recovery. Consumers have done their job injecting the Rudd Government's first stimulus package back into the economy via retail sales,” commented Richard Evans, ARA executive director.
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