Aussies spent up big online in August if the latest National Australia Bank (NAB) Online Retails Sales Index is to be believed.
As other parts of the economy continue to splutter, the latest NAB data is good news for an economy already suffering poor commodity prices, a plummeting share market and a stagnant housing market.
The NAB data showed online sales rose 0.6 per cent in August, reversing a 1.4 per cent fall the month previous. Meaning a two per cent turnaround month on month.
The data showed that toys and electronic games were the primary drivers to the increase.