Household goods power June retail sales

June retail sales were released last week, showing strong growth of 0.7% (s.a.) and beating consensus expectations of a 0.4% rise comfortably. This compared with May’s 0.4% rise while year on year figures were 4.9%. Household goods retailing was the largest contributor to the increase, adding 2.2% month-on-month. Online sales now account for 3.3% of total retail spending.

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