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Australian Retail Sales Volumes Rise Weakly
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Overview
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Australian retail sales volumes rose by a weak 0.3% in the December quarter, indicating challenges from mortgage repayments and declining real incomes. This slight increase was slightly ahead of market expectations, but sales volumes were down 1.0% year-on-year due to population growth.
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How might the weak rise in Australian retail sales volumes impact the overall economy?
What implications does this have for the retail industry in Australia?
What measures can be implemented to address the challenges faced by Australian retail sales volumes?
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