Australia retail sales rose 0.4% mom, 7.7% yoy in May. That’s an upward revision to preliminary result of 0.1% mom rise.
Ben James, Director of Quarterly Economy Wide Surveys, said: “The main themes from the Retail Trade Preliminary release remain relevant for the Final release. Retail turnover in May was impacted by the Victorian lockdown from May 28 onwards, as well as those states recovering from restrictions in April.”
