Australia Retail Sales Slide in August, but Relief in Sight
Australian retail sales dived for a third straight month in August as half the population was trapped in coronavirus lockdowns.
Australian retail sales dived for a third straight month in August as half the population was trapped in coronavirus lockdowns.
Seven Australian cities are now in lockdown as authorities scramble to prevent the spread of the highly contagious Delta coronavirus variant.
The Australian arm of Huawei shed itself of 113 employees and its board during a tumultuous 2020.
Australian retail sales surpassed expectations in March as soaring house prices & a surge in employment boosted consumer confidence.
Blackstone Group to sell a portfolio of warehouse and logistics assetsto property investor ESR Cayman Ltd. for about $3 billion.
Sales of A$30.2 billion ($23.38 billion) were still up a hefty 8.7% on February last year, just before the pandemic hit.
Australia has reported over 29,100 cases and 909 deaths since the pandemic began.
The country is scheduled to start vaccinations in March 2021 and expects to inoculate its whole population by the end of the year.
SYDNEY (REUTERS) – Australian retail sales fell 4% in August from the month earlier, official data showed on Friday, with the …