Retail sales barely rise in April, signalling consumer caution
Mixed signals emerged from the latest Australian retail sales figures for April 2024. While overall turnover edged up slightly, spending patterns varied across sectors. Non-food retail saw some improvement, with categories like household goods and “other retailing” experiencing growth. However, clothing and footwear sales dipped, indicating a shift in consumer priorities. The retail turnover experienced a modest rise of 0.1% in…