Australia retail sales rose 1.3% mom in Jul

Australia retail sales turnover rose 1.3% mom to AUD 34.67B in July, well above expectation of 0.3% mom. Ben Dorber, head of retail statistics at the ABS, said: “After slowing growth in recent months, the 1.3 per cent rise in July was the largest since the 1.6 per cent rise in March 2022. “Turnover rose […]

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