Economic Buzz: Australias Retail Sales Gain 1.3% On Month In July

29 Aug 2022 , 01:17 PM

Australias retail sales grew at the fastest pace in four months in July, preliminary data from the Australian Bureau of Statistics showed. Retail sales gained by more-than-expected 1.3 percent month-on-month in July, faster than the 0.2 percent rise in June. Retail sales grew 16.5 percent on a yearly basis after Junes 12 percent increase. Powered by Commodity Insights