New vehicle sales in Australia increased 3.6 percent month-on-month in August, the Australian Bureau of Statistics said Monday.
A total of 93, 379 units were sold during the month according to data adjusted for seasonal variations. This followed a 1.1 percent decline in July, revised from previously reported 0.8 percent drop.
New vehicle sales rose 6.4 percent compared to August last year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.