Australian retail sales see modest 0.2% mom rise amid cost-of-living pressures

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<p>The latest retail statistics out of Australia show a muted picture of consumer spending, with retail sales turnover in August rising only 0.2% mom (in seasonally adjusted terms) to AUD 35.4B, falling short of the anticipated 0.3% increase. Through the year, sales turnover was up 1.5% yoy. According to Ben Dorber, the head of retail […]</p>
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