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Recession battered retailers beg RBA for rate cuts

October 2, 2024 - 13:00 -- Admin

On Tuesday, the Australian Bureau of Statistics (ABS) released retail trade data, which posted a solid 0.7% gain in August following an upwardly revised 0.1% lift in July (previously reported as flat): Unseasonably warm weather and increased Father’s Day spending both contributed to the result, which easily exceeded economists’ expectations of a 0.4% rise. The annual rate of

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