Retail sales in Australia add 0.4% in July

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Source: The Wall Street Journal
Volume of retail sales in Australia advanced 0.4% in July of the current year on a monthly basis, as the result matched analysts' expectations. It followed an increase of 0.6% in June. Consumer confidence level in the country is rebounding moderately, as it has declined sharply after budget spending cuts and tax rises for the 2014-15 financial year were announced by the Government in May.
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Thu, 04 Sep 2014 08:13:04 GMT

Australian trade balance improves on iron ore exports

Negative trade balance in Australia decreased to A$1.359 billion in July of this year, as experts predicted the indicator to reach A$1.75 billion after A$1.564 billion in June. The data revealed a 1% increase in exports, while the largest part was contributed by iron ore deliveries' growth of 3.6% to other countries. Analysts are waiting for the improvement to continue

Thu, 04 Sep 2014 07:27:04 GMT

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