Boxing Day sales and domestic travel propel January retail growth
Australian retail sales increased 6.3% in January compared to the same time last year, according to the latest Mastercard SpendingPulse™, which measures in-store and online retail sales across all forms of payment.
Most retail categories maintained reasonable momentum after a record holiday spend. Lodging recorded the biggest increase in trade in January, up 15.9% compared to 12 months prior, closely followed by apparel (up 14.4%).