Article 6DBG3 Australians pull back on retail spending as case for holding interest rate grows

Australians pull back on retail spending as case for holding interest rate grows

by
Peter Hannam
from World news | The Guardian on (#6DBG3)

Sales turnover across most categories dips amid cost-of-living pressures ahead of RBA decision on cash rate next week

Australian shoppers trimmed their spending in June amid a cost-of-living squeeze, adding to the case for the Reserve Bank to extend its interest rate pause for another month.

Retail turnover fell 0.8% last month, erasing a monthly increase of that amount in May, the Australian Bureau of Statistics said on Friday. Economists had expected spending to be unchanged for the month.

Continue reading...
External Content
Source RSS or Atom Feed
Feed Location http://www.theguardian.com/world/rss
Feed Title World news | The Guardian
Feed Link https://www.theguardian.com/world
Feed Copyright Guardian News and Media Limited or its affiliated companies. All rights reserved. 2025
Reply 0 comments