Australia online shoppers elude retail data crunchers

Australia’s official economic data is struggling to capture growing online sales as the country’s consumers belatedly embrace e-commerce, suggesting that soft retail trade data is missing part of a fast-growing market.If billions of dollars of online sales are being under-recorded, it could mean consumption is stronger than official data shows, adding to the case for a further increase in interest rates to throttle inflationary pressures.

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