Overseas purchases jump as local sales decline royalgazette.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from royalgazette.com Daily Mail and Mail on Sunday newspapers.
SYDNEY, Oct. 8, 2021 /PRNewswire/ — Visa, the world‘s leader in digital payments, today announced its sophisticated artificial intelligence (AI)-driven.
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Though affected by lockdown in Victoria, Australian retail turnover rose 0.4% in May 2021 compared on a month-on-month basis and 7.7% on a year prior, according to the latest ABS data.
The result follows a massive jump in yearly sales in April, as the industry cycled out the initial impact of the COVID-19 lockdown in April 2020.
“The May results are very good for retail, with a strong increase on the April results which is also promising when you consider the month is generally a quiet one for the sector,” NRA chief executive Dominique Lamb said.
“It shows that when the economy is relatively open that business is going well, but as the recent spate of state lockdowns has shown there remains uncertainty.”