HomeLive CommentsAustralia retail sales rose 2.7% in June, dropped -3.4% in the quarter

Australia retail sales rose 2.7% in June, dropped -3.4% in the quarter

ActionForex
By ActionForex

Australia retail sales rose 2.7% mom in June, above expectation of 2.4% mom. Over the June quarter, however, retail volumes stilled dropped -3.4% qoq. That’s the largest seasonally adjusted quarterly decline since the introduction of the GST in 2000.

Exports of goods and services rose 3% mom to AUD 26.2B while imports rose 1% mom to AUD 28.0B. Trade surplus widened slightly to AUD 8.2B, but missed expectation of AUD 8.8B.

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