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ABS: Retail down 0.2% for October 2022
29 November 2022
The ABS reports that retail trade fell 0.2% in October 2022, the first fall since December 2022. Department stores had the largest fall, down 2.4%.
Ben Dorber, ABS head of retail statistics said: “The October fall in retail turnover ends a run of nine straight monthly rises and suggests increased cost of living pressures including interest rate rises have started to weigh on consumer spending.”
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