Mixed reaction to May retail sales figures

04 July 2017

 

Australian consumers have kept their wallets open for a second month in row, according to May retail sales figures released by the ABS. Sales grew by 0.7% over the month, which is well over the +0.2% growth expected and a continuation of the strong result in April. On a year-on-year basis, sales grew by 3.8%, which is the highest annual rate since March 2016. Some economists do not expect the...

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