📈 Growth in retail sales in Australia.

Retail sales in Australia grew by 0.6% month-on-month in October, which was significantly higher than experts expected growth of only 0.3%.

The increase comes on the back of modest growth in September, when sales rose just 0.1%, according to the Australian Bureau of Statistics (ABS). Thus, consumer spending continues to show positive dynamics, which may indicate economic recovery and growing consumer confidence. Against the backdrop of such data, there is optimism regarding further economic growth. 🚀