Australia retail sales rose 0.9% mom in Apr, driven by higher food prices

Australia retail sales rose 0.9% mom in April, slightly below expectation of 1.0% mom. For the 12-month period, sales rose 9.6% yoy. New South Wales was the only state or territory to record a fall, down -0.3%. Queensland had the largest rise in retail turnover, up 1.6%. Turnover also rose in Victoria (1.1%), Western Australia […]

The post Australia retail sales rose 0.9% mom in Apr, driven by higher food prices appeared first on Action Forex.