Retail Sales Tick Up in January

• Retail sales increased by 0.3% m/m in January 2025, rebounding from a 0.1% decline in December, and in line with market forecasts.
• The increase was primarily driven by cafes, restaurants, and takeaway food, reflecting stronger discretionary spending.
• Major events such as the Australian Open and cricket contributed to the January spending uptick, as these typically boost catering and hospitality demand.
• The underlying trend suggests improving consumption, which is expected to continue as inflationary pressures ease.