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AUSTRALIAN RETAIL SALES UP 0.2 PCT IN JAN 2003.

Publication: AsiaPulse News
Publication Date: 06-MAR-03
Format: Online
Delivery: Immediate Online Access

Article Excerpt
CANBERRA, March 6 Asia Pulse - Australian retail sales edged up 0.2 per cent in January after a sharp slump the previous month.

But economists said the lower-than-expected result could be partly due to rising petrol prices, which took a larger chunk of household budgets than usual.

"War jitters have made shoppers more cautious while higher petrol prices have stolen spending...

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