Q4 retail sales keep on downward trend

Published: 12:07PM Friday February 13, 2009 Source: ONE News

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Retail sales have experienced the largest quarterly fall in 11 years, with sales falling by 1.1%, or $179 million.

Automotive industries led the drop, with fuel retailing down 8.2% and vehicle sales down 5.3%.
 
Supermarket and grocery stores bucked the trend, seeing an increase in sales of 1.3% or $45 million.

However, this positive result was partly offset by a drop in department store sales which were down 3.1%, or $30 million.

The trend for retail sales overall since March last year is one of decline, with sales down 1.5% over the period.

Automotive retailing led falling sales volume over this period.

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