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DW8 Growth, page-14144

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BoogieB

902 Posts.

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27/05/22

20:30

Post #: 61672059
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Originally posted by steve10: ↑

(Bloomberg) -- Australian retailers recorded a fourth consecutive month of sales gains, suggesting households are so far weathering a spike in the cost of living from surging fuel and other prices.
Sales advanced 0.9% in April to a fresh record A$33.9 billion ($24.1 billion) and just shy of economists’ estimates for a 1% increase, Australian Bureau of Statistics data showed Friday. In response, the Australian dollar edged higher to trade at 71.20 US cents at 11:34 a.m. in Sydney.
“There were strong rises in both food retailing and cafes, restaurants and takeaway food services,” said Ben, James, director of Quarterly Economy Wide Statistics at the ABS. “This is a contrast to the consumer behaviour previously seen during the pandemic, where these two industries would consistently move in opposite directions as outbreaks and restrictions either tightened or eased.”

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Food and beverage is booming in Vic. I have seen a Partons van in Carlton every day.

I guess the haters are going to take aim at you, but hey, I was happy to follow your expertise over at VMT.

DW8 Price at posting: 2.3¢ Sentiment: Hold Disclosure: Held
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