Aussies may be preparing to compare credit cards as retails sales rise

Thursday 03 December 2009

Article by Mozo

Aussies looking to compare cheap credit cards in the build-up to Christmas may be interested to learn that retail sales are on the up.

This is according to the Australian Bureau of Statistics, which revealed that more people took to the shops in October.

When seasonally adjusted, the figure stood at a 0.3 per cent rise, which could be seen as significant since the previous month saw a fall of 0.2 per cent.

People may have been using their credit and debit cards more in department stores throughout the month, since they experienced the greatest rise of 1.9 per cent.

Trade at catering outlets also increased by 1.1 per cent.

Dips were also seen in some sectors, including food and accessory retailing, which dropped by 0.1 per cent and 0.2 per cent respectively.

Chris Whitehead, of Credit Union Australia, recently advised people to reduce the limit on their credit cards if they knew they were likely to overspend when it comes to buying Christmas presents.

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