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Retail spending surprisingly strong

Staff Reporter 1 minute read

Australians spent a record $19.2 billion in January, indicating that the government’s $10.4 billion stimulus payouts continued to boost demand into the new year.

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Data released by the ABS yesterday showed retail spending inched up 0.2 per cent in January from December, in seasonally adjusted terms.

This followed a 3.8 per cent surge in December after the government’s cash payments were first distributed.

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