This graph was published yesterday, on the front page of Melbourne’s The Age Business section.
It outlines Australia’s retail turnover over the last three Februaries. Based on this data, retail spending for December through February was up by $1.8b. The only retail sector to fall below predicted turnover was the large department stores.
This is a fantastic result for small businesses in Australia. These figures come after the first round of the federal government’s stimulus package. With the second round of the package to be delivered later this month, hopefully small businesses can expect another spike in their cashflow.
I also couldn’t help but notice the colour that’s been used on the graph: looks like great minds think alike.