Global Economic News

Australia Retail Sales Rise Just 0.1% In June

The total value of retail sales in Australia was up a seasonally adjusted 0.1 percent on month in June, the Australian Bureau of Statistics said on Thursday - coming in at A$25.043 billion.

That was shy of expectations for a gain of 0.3 percent following the 0.2 percent gain in May.

For the second quarter of 2016, retail sales advanced 0.4 percent on quarter to A$72.682 billion.

That also was below expectations for 0.5 percent, which would have been unchanged from the three months prior.

by RTTNews Staff Writer

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