Australia’s retail sales rises 0.1% mom in Apr, weak consumer spending continues

Australia’s retail sales rose by 0.1% mom to AUD 35.7B in April, falling short of the expected 0.3% mom increase. This modest rise followed a -0.4% mom decline in March, indicating continued weakness in consumer spending. Ben Dorber, ABS head of retail statistics, commented, “Underlying retail spending continues to be weak with a small rise […]

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