Australian Retail Sales Rise More Than Expected in July
Australian retail sales increases have exceeded expectations in July pertaining to elevated strength in the jobs market which kept consumer demand high despite rising inflation levels.
Preliminary data from the Australian Bureau of Statistics (ABS) depicted a 1.3% retail trade increase in July which far exceeded the projected rise of 0.3%. The seasonally adjusted estimate showed a 16.5% annual increase compared to last year…. Read more »