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Aussie retail sales still rising despite rate hikes

June 29, 2022 - 13:00 -- Admin

The Australian Bureau of Statistics (ABS) today released retail sales data for May, with sales rising for their fifth consecutive month by 0.9% to be up 10.4% year-on-year: Retail sales were positive across all categories except clothing & footwear: Sales were also positive everywhere except QLD and ACT: According to Ben Dorber, Director of Quarterly

The post Aussie retail sales still rising despite rate hikes appeared first on MacroBusiness.

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