New vehicle sales in Australia increased in May after a modest decline in the previous month, data from the Australian Bureau of Statistics showed Monday.
The number of vehicles sold in May was 91,994, which was 2.4 percent higher than a month earlier. This followed a 1 percent decline in April.
Year-on-year, new vehicle sales rose 21.5 percent after a 19 percent drop in April.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.