Summary: Retail sales up 0.7% in May, more than expected; ANZ: does not mark start of rebound; Westpac: declining per capita volumes after inflation, population growth; largest influences on result from “other” (recreational goods, toiletries, cosmetics) sales. Growth figures of domestic retail sales spent most of the 2010s at levels below the post-1992 average. While economic conditions had been generally favourable, wage growth and inflation rates were low. Expenditures on...