Australian car sales in February jumped 5.1% y/y

Australian new vehicle sales totalled 83,977 units in February

• this is up 5.1% y/y
• this is four consecutive months of raising sales
• after 31 months of falling sales

Other data from Australia earlier showed

• Payroll jobs as at February 13 were 0.5% y/y
• 1.3% below levels at the start of the pandemic