Aussie retail sales underwhelm with 0.2% mom growth in May

Wait 5 sec.

Australia’s retail sales rose just 0.2% mom in May, falling short of expectations for a 0.3% rise. The modest increase was largely due to a rebound in clothing purchases, while spending on food fell and household goods remained flat. Robert Ewing, ABS head of business statistics, noted that aside from the lift in clothing, retail […]The post Aussie retail sales underwhelm with 0.2% mom growth in May appeared first on Action Forex.