UPDATE 1-Coronavirus-led panic buying boost Australia Feb retail sales [Reuters]
NATL AUSTRALIA BK S/ADR (NABZY)
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Source: Reuters
UPDATE 1-Coronavirus-led panic buying boost Australia Feb retail sales SYDNEY, March 18 (Reuters) - Australian retail sales gained 0.4% in February, provisional data from the statistics bureau on Wednesday showed, as the rapid spread of coronavirus caused panic buying at supermarkets and grocery stores. Data from the Australian Bureau of Statistics (ABS) showed the monthly rise that followed losses in December and January was largely driven by food retailing. Other sectors such as clothing, footwear and personal accessory as well as duty-free stores and luxury goods retailing were hit hard by coronavirus-related travel restrictions that curtailed tourism and eating out. Retailers with no specific links to tourism were largely unaffected last month, the ABS said. The statistics office has begun publishing additional data to enhance understanding of the economic impacts of the coronavirus. Wednesday’s release was the first for Australian retail turnover. The estimate is subject to revis
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