Retail turnover up 0.5 per cent in July: Australia
newscatcher
2023-08-28 02:37
Retail turnover up 0.5 per cent in July: Australia
Australian retail turnover rose 0.5 per cent in July 2023 (seasonally adjusted), according to figures released today by the Australian Bureau of Statistics (ABS). Ben Dorber, ABS head of retail statistics, said: "The rise in July is a partial reversal of last month's sharp decline in turnover. This was after weaker-than-usual end of financial year sales." The rise in July follows a 0.8 per cent fall in June 2023 and a 0.8 per cent rise in May 2023. "While there was a rise in July, underlying growth in retail turnover remained subdued.

https://www.miragenews.com/retail-turnover-up-0-5-per-cent-in-july-1072905/

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