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Aussie online shopping slows in October

AAP logoAAP 1/12/2016 Ethan James

Online shoppers in Australia tightened their purse strings in October, with growth in internet purchases slowing across the month.

Year-on-year growth in online sales in October decreased from 14.6 per cent to 13.5 per cent , according to the National Australia Bank Online Retail Sales Index.

The latest figures show a slowing in spending growth in the popular categories of homewares and appliances, groceries and liquor and media.

Growth in homewares and appliances sales slowed from 18.6 per cent in the year to September, to 14.4 per cent in the year to October, while media purchases - covering movies, books and music - fell 4.2 per cent to 24.1 per cent.

Fashion was the exception in the larger sectors, with growth increasing from 10.6 per cent to 13.5 per cent.

Two months out from Christmas, toy and games sales grew, as did purchases from department and variety stores.

Australian consumers have spent around $21.08 billion in the year to October, the equivalent of seven per cent of spending at traditional bricks and mortar stores.

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