Retail sales tipped to jump 0.4 per cent in February

Australia’s retail figures are set to be released on Thursday, and it is expected to jump 0.4 per cent. “It doesn’t sound like a lot, but when Aussies are spending about $35 billion a month, 0.4 per cent does actually make a difference,” Sky News Business Reporter Edward Boyd said. “We saw spending drop quite a bit in December, but it is slowly recovering. “So these figures are for the month of February – they go hand in hand with the inflation numbers. “We have more people spending money in retail. It pushes up inflation; they go together.”