The preliminary for this showed a good-sized bounce (+1.6% m/m) despite the ongoing lockdown impact on retail in Australia's second-largest (population) city and state.

Pent up demand, support for household incomes cited as contributors to the rise.

  • For the y/y, up 7.1% (prior +5.6%)

Looking ahead, retail indications from Australia for November paint an even stronger likely result.