Consumer confidence uptick boosts retail sales in May
Stable interest rates, higher wages, and the anticipation of energy subsidies and tax cuts from the Federal Budget encouraged...
Stable interest rates, higher wages, and the anticipation of energy subsidies and tax cuts from the Federal Budget encouraged consumers to seize early end-of-financial-year sales in May. Australian Bureau of Statistics (ABS) May trade figures reveal that retail sales increased by 0.6 per cent month-on-month, and 1.7 per cent year-on-year. National...