Australia's retail sales increased more-than-expected in May after remaining flat in the previous month, figures from the Australian Bureau of Statistics showed on Thursday.
Retail sales rose 0.7 percent month-on-month in May versus a stagnant change in April . Sales were expected to grow slightly, by 0.1 percent.
Sales at cafes, restaurants, and takeaway food services grew 1.4 percent over the month, and other retail segments logged an increase of 2.2 percent. Food sales showed only a slight rise of 0.3 percent.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.