Australia's retail sales data disappoints

Source: Bloomberg
© Scanpix/Reuters
Australian retail sales data was worse than experts expected in May as consumers decreased their spending on household goods and dinning out. Sales increased 0.1% to AUD 21.8 billion, while report a month earlier showed a drop of 0.1%. It went against the experts' expectations of growth of 0.3%. Consumers spent 0.6% and 0.3% less on dinning out and household goods respectively.
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Wed, 03 Jul 2013 07:52:31 GMT

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