Mastercard SpendingPulse

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%).

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Travel Spending in Australia

Travel spending in Australia has been tumultuous over the past few years with closed borders, lockdowns and rising commodity prices. We welcome David Mann, Chief Economist, Asia Pacific and Middle East Africa at Mastercard to the next ARA Retail Insights webinar to provide guests with exclusive insight into the latest data from Mastercard’s Economic Institute regarding travel spending by Australians.

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