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Australia retail sales rose 0.5% mom in Jul, but underlying growth subdued

Australia retail sales rose 0.5% mom in Jul, but underlying growth subdued
Australia’s retail sales turnover for July showed a 0.5% mom increase, reaching AUD 35.38B, surpassing anticipated 0.3% mom rise. When compared to figures from July 2022, turnover has risen by 2.1% yoy. Commenting on the rebound, Ben Dorber, ABS head of retail statistics, noted, “The rise in July is a partial reversal of last month’s […] The post Australia retail sales rose 0.5% mom in Jul, but underlying growth subdued appeared first on Action Forex... Read More
Posted: Aug 28 2023, 03:58
Author Name: actionforex
Views: 110778

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