Australia’s retail sales turnover increased by 0.7% mom in August, surpassing the expected rise of 0.4% mom. On a year-over-year basis, retail sales were up 3.1%. This stronger-than-expected growth was largely attributed to unusually warm weather, which boosted spending on items typically associated with spring. Robert Ewing, head of business statistics at the Australian Bureau […]
The post Australia’s retail sales rises 0.7% mom in Aug, driven by record warm weather appeared first on Action Forex.
