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AU: Spending fuelled post-lockdown bounce
Retail spending figures will give a clue to how the economy shaped up in the final three months of 2021, while other data may provide an idea of how quickly the unemployment rate will fall below four per cent. The Australian Bureau of Statistics will update its December retail trade report on Monday to include the quarterly spending result. Household spending makes up a large proportion of the quarterly economic growth result and will give a guide to how the economy bounced back after contracting by 1.9 per cent in the September quarter due to the Delta lockdowns. While sales dropped 4.4 per cent in the month of ... (full story)