Australia's economy is doing pretty well! People are spending more money, which is good news for businesses. This is happening because prices are going down a little, and people are getting tax breaks.
- Sales of things like food went up.
- Sales of other things like household goods went down.
- Interest rates went down, making it cheaper to borrow money.
| Fact | Number |
|---|---|
| Retail sales increase in January | 0.3% |
| Yearly increase in sales | 3.8% |
| Total sales in January | $23.1 billion |
| Interest rate cut | 0.25% |
