Sign Aussies are tightening their belts

Sign Aussies are tightening their belts

The full retail spending figures for January have been launched and embody figures on Australia’s on-line spending habits.

The Australian Bureau of Statistics’ retail commerce report, launched on February 28, confirmed bricks and mortar retail spending nationally was up 1.9 per cent in January – a flat consequence given drops in earlier months, with related developments on-line.

The prolonged report, launched on Tuesday, reveals an increase of 0.6 per cent in whole on-line spending (on-line meals and non-food spending mixed) in January in contrast with December, seasonally adjusted.

Total on-line spending in December fell 4.7 per cent off the again of a 13.1 per cent bounce in November as a result of Black Friday spending and other people attempting to get their Christmas procuring executed early.

In greenback phrases, that’s $3.83bn spent on-line in December, in contrast with $3.86bn in January, with rate of interest anxieties but to peak because the Reserve Bank board continued their Christmas break.

Non-food gadgets made up $2.71bn of that December spend, rising to $2.8bn in January.

Source: www.perthnow.com.au