According to the latest data from National Australia Bank, online retail sales were up 6.7% for the month, giving them a massive boost of 62.6% for the year. Over the month, spending on games and toys was up 15.2%, with fashion up 12.7% and takeaway food sales rising by 11.2%. Overall, Australian consumers are swapping dining for takeaway food, and seeking domestic entertainment options as they spend more time at home. Grocery and liquor sales were up 6% for the month, which parallels a drop in the hospitality sector.
According to NAB chief economis [...]