Shoppers are resisting the urge to splash cash on new clothes, shoes and fashion accessories, driving a slump in Australia’s retail turnover.
Total retail turnover fell 0.1 per cent in February, using seasonally adjusted figures, the Australian Bureau of Statistics revealed on Monday.
The biggest tumble was in clothing, falling 2.9 per cent, and footwear and personal accessories, down 1.9 per cent. Trading in household goods fell 0.4 per cent. Within that group, furniture and houseware dried up the most, with sales declining 2.5 per cent.
There were modest jumps in food retailing (0.3 per cent). Spending at cafes and restaurants rose 0.8 per cent but trade at takeaway stores fell 1.1 per cent.
The 0.1 per cent total drop in February follows jumps of 0.4 per cent in January and a slide of…