Australia retail sales rose 0.5% mom in Jul, but underlying growth subdued

<p>Australia’s retail sales turnover for July showed a 0.5% mom increase, reaching AUD 35.38B, surpassing anticipated 0.3% mom rise. When compared to figures from July 2022, turnover has risen by 2.1% yoy. Commenting on the rebound, Ben Dorber, ABS head of retail statistics, noted, “The rise in July is a partial reversal of last month’s […]</p>
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